Reuters Saudi Hollandi Bank, Saudi Arabia’s oldest lender, posted a 5.1 percent fall in first-quarter net profit on Thursday as income from trading, fees and commissions dipped. The lender made a profit of 511.5 million riyals ($136.5 million) in the three months to end-March, down from 538.9 million riyals in the corresponding quarter of 2015, according to a bourse ...

  Reuters Britain’s Legal & General Group PLC and Swiss Re AG are among firms said to be weighing bids for Deutsche Bank AG’s Abbey Life Assurance Co, sources familiar with the matter said. In September, it was reported that the German lender was exploring the possible sale of its British insurance unit Abbey Life. Phoenix Group Holdings, Britain’s largest ...

  Washington / AFP The World Bank and the new China-backed Asian Infrastructure Investment Bank (AIIB), originally seen as possible rivals, joined hands with an agreement to co-finance projects. The two development banks signed off on a framework for working together on infrastructure programmes over the coming year which will give the World Bank some crucial oversight on how projects are ...