Bloomberg The six largest US banks could see annual profit jump by an average of 14 percent if President Donald Trump delivers on his promise to cut corporate taxes. The lenders, which stand to benefit more than other industries because they typically have fewer deductions, could save a combined $12 billion a year, according to data compiled by Bloomberg. ...

  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. ...