Bloomberg Bank of America Corp.’s corporate and investment banking division agreed to pay $42 million to settle a New York state probe into a so-called masking scheme in which it misled clients about who was seeing and filling their orders and who was trading in its dark pool. Bank of America Merrill Lynch for years, starting in 2008, had trading ...

Bloomberg JPMorgan Chase & Co. considers itself a leader among banks fighting climate change. Chief Executive Officer Jamie Dimon lauded the 2015 global Paris accord, and the bank has committed to buying and financing clean energy, as well as reducing its coal-industry work. Yet the bank is the top US lender and financier to oil-sands producers and pipeline companies, according ...

Bloomberg Japan’s key inflation gauge ticked up in February, putting the Bank of Japan halfway to its goal of 2 percent. Yet a strengthening yen and the threat of a global trade war underscore the central bank’s vulnerability to global markets and events. Despite the progress made, inflation remains far from the BOJ’s target, while the yen’s 7 percent gain ...

Bloomberg Kenya’s biggest bank by market value is not giving up an inch as lenders go head-to-head with the government over what they can charge customers. The introduction of interest-rate caps in late 2016 has caused lending to grind to a near halt, spurring the International Monetary Fund to warn that growth in East Africa’s largest economy could suffer if ...

Bloomberg The Bank of England is piloting anonymous job applications to promote diversity. The more than three-century old central bank only appointed its first female senior official in 1988, according to a speech by Chief Operating Officer Joanna Place at an event in London. It’s one of a handful of new measures to boost the proportion of women at that ...

Bloomberg Kenya Airways Plc plans to add as many as 20 new destinations in Africa, Europe and Asia in the next five years, Chief Executive Officer Sebastian Mikosz said. The route-network expansion will help sub-Saharan Africa’s third-biggest carrier, in the midst of a turnaround programme after a record loss in 2016, return to profit. The airline reported a 6.1 billion-shilling ...

Bloomberg Airbus SE has lost a contest with Boeing Co. to sell wide-body jets to American Airlines Group Inc., dealing a blow to the European planemaker’s efforts to boost A330neo orders in the world’s biggest aviation market. Talks with American over the re-engined model have ended, Airbus said in response to questions from Bloomberg, saying it was unwilling to match ...

Bloomberg Ryanair Holdings Plc has revived plans to extend its network further east than ever before with flights from Ukraine, according to the European country’s premier. A deal formalising the expansion should be signed later this week, Ukrainian Prime Minister Volodymyr Hroisman said in a statement on the government’s official website. Europe’s biggest discount airline had previously aimed to serve ...

Bloomberg US airlines tumbled after Southwest Airlines Co. cut its forecast for an industry revenue benchmark, citing stepped-up competition and a surprise drop in travel demand. The weaker outlook is spurring investor fears that United Continental Holdings Inc.’s expansion plan will rekindle fare wars that have plagued the industry off and on since 2015. When the supply of seats outstrips ...

Bloomberg Amazon.com Inc., locked in a margin-crushing price war, is offloading costs onto suppliers and limiting the number of single, low-priced items shoppers can purchase in an effort to offset rising shipping costs. In a marked shift in strategy, the e-commerce giant is raising transportation fees for suppliers of beverages, diapers and other heavy, bulky products that are expensive to ...