Singapore

Goldman Sachs named Udhay Furtado and Harry Naysmith co-heads of its investment banking unit in Southeast Asia, according to an internal memo seen by Reuters.

The GTS business constitutes 31% of the bank’s institutional banking business income. 

Profits could jump by up to 9%.

This is through a partnership with soCash.

In his new role, Mr. Dagur will focus on the further development of Cash Management solutions for Commerzbank’s corporate clients in Asia, as well supporting the growth of its Trade Finance offering in the region.

Most banks can begin with improving their knowledge of data analytics.

And find out why buyout firms are tapping junior bankers earlier.

System loan growth was 6%.

UOB, HSBC, and DBS recently launched 3-year fixed rate home loan packages.

It can address account-specific enquiries and provide credit card bill summaries.

These banking innovations give us a glimpse at the future of finance.

And find out how fintech pushed EU to revise bank software rules.

Analysts see earnings visibility ahead for Singapore banks.

Westpac Banking Corporation (Westpac) appointed Frances Cheung as Head of Macro Strategy, Asia, to further expand its Financial Markets capability and build deep relationships with Westpac’s clients in the region and globally.

Every 10bps increase in credit cost estimate will cause a 7% cut in net profits.

And find out why Goldman Sachs will explain its trading strategy.