Bloomberg Lloyds Banking Group Plc and Standard Life Aberdeen Plc have reached a settlement in what was one of the most high-profile disputes in the UK fund management industry’s history. Lloyds, which wanted to pull a 104 billion-pound ($129 billion) mandate, will pay the asset manager 140 million pounds in cash as compensation, according to a statement from Standard Life. ...

Bloomberg As policy makers globally prepare to cut borrowing costs again, banks around the world are feeling the heat. Rock-bottom interest rates can help stoke growth, but they also put the squeeze on lending margins. Big US banks including JPMorgan Chase & Co and Citigroup Inc, which reported second-quarter earnings, are already seeing the revenue impact of declining interest rates ...

Bloomberg JetBlue Airways Corpexpressed dismay with Airbus SE after the US carrier learned it will get less than half the A321neo jets it was expecting this year because of production snarls that are delaying deliveries of the European planemaker’s biggest single-aisle model. The New York-based airline will get a maximum of six of the aircraft this year, compared with the ...