Bloomberg Martin Gilbert and Keith Skeoch’s $1 trillion dream has grown a little more distant. Six months after merging Scotland’s two biggest money managers to create a giant capable of competing with the largest US companies, the co-chiefs of Standard Life Aberdeen Plc are instead digesting the potential loss of almost 20 percent of the funds at their asset-management business. …

Bloomberg Latvian central bank Governor Ilmars Rimsevics was detained by the country’s anti-corruption bureau, the prime minister said in a statement on Sunday. The government has full trust in the work of the anti-graft body and won’t interfere in its work, according to the statement sent by the office of Premier Maris Kucinskis. No further details on the reason for …

Bloomberg As the European Union pushes for a new role in military matters, the bloc has thrust its development bank into the center of a policy struggle that reveals an old fissure over the very nature of the EU project. The European Investment Bank (EIB) is getting prodded to be bolder about lending to defense companies by a France-led group …