Investment News

McKinsey fires investment bank researchers after policy breaches

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McKinsey has fired or suspended several members of its investment banking research team as it investigates violations of its policies, in an embarrassing blow to the consultancy giant’s fledgling attempt to become a dominant provider of industry insights to Wall Street. 

Partners informed clients last week that the CIB Insights team, which sold data to corporate and investment banks, was halting work on their projects and it has since removed references to the unit from its website. A person familiar with the matter said some team members had been terminated while others had been placed on administrative leave, and that

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