Bloomberg Lloyds Banking Group Plc is “surprised” and “disappointed” by Standard Life Aberdeen Plc’s decision to challenge the bank’s plan to pull 109 billion pounds ($148 billion) from the asset manager, the lender said in a statement. Lloyds gave notice in February that it planned to end the mandate after the merger of Aberdeen and Standard Life made the combined …

Bloomberg ICICI Bank Ltd., India’s second-largest private sector lender by assets, was Asia’s best-performing bank stock on Tuesday after its top official said bad-loan ratios will improve. ICICI jumped 7.1 percent, set for the biggest gain since October 25, and was the top stock on Bloomberg’s Asia Pacific Banks Index. Chief Executive Officer Chanda Kochhar, who has been assuring investors …

Bloomberg Japan Airlines Co. is examining setting up a new low-fare carrier to increase capacity and take on rising competition from budget operators in Asia’s second-largest economy. Starting a discount airline is part of the carrier’s need to widen its product line-up, Vice Chairman Junko Okawa, 63, said in an interview in Singapore. It is one of several options the …