Bloomberg Italy’s parliament approved a law to plow as much as 20 billion euros ($21 billion) into Banca Monte dei Paschi di Siena SpA and other troubled lenders as part of the nation’s efforts to revamp its banking industry. The lower house gave its final approval to the legislation Thursday, converting the decree law passed by Prime Minister Paolo ...

  Bloomberg UBS Group AG’s Asia-Pacific investment-banking bonus pool fell about 15 percent after profit at the division slumped in the region in 2016, according to a person with knowledge of the matter. The decline compares with a strong previous year, when the pool rose 20 percent, the person said, asking not to be identified because the figures are confidential. ...

  DUBAI / Reuters Al Rajhi Bank, Saudi Arabia’s second-biggest bank by assets, aims to take advantage of opportunities arising from the country’s economic diversification plan to boost its share of corporate lending, its CEO said. Al Rajhi, Saudi Arabia’s biggest Islamic lender, is one of the dominant players in the kingdom’s consumer banking market, but has only around a ...