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Unhappy American pilots to push union switch after five decades

  Bloomberg A group of American Airlines Group Inc. pilots is preparing a push to give up their 53-year-old independent union and join the larger Air Line Pilots Association, after peers at rival carriers secured tentative contracts with better pay and benefits. Resolutions calling for creation of an Allied Pilots Association committee to evaluate the issue will be introduced in ...

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TD Ameritrade, Toronto-Dominion buy Scottrade for $4bn

  Bloomberg TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, agreed to buy Scottrade Financial Services Inc. for $4 billion, combining two of the largest online brokerages while expanding the U.S. operations of Canada’s second-largest lender. TD Ameritrade agreed to acquire Scottrade’s brokerage operations for about $2.7 billion. Toronto-Dominion, which owns about 42 percent of TD Ameritrade, will ...

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Banks may take excessive risks to stay profitable, warns BOJ

  Bloomberg The Bank of Japan (BOJ) expressed concern that some banks may take excessive risks to maintain profitability while the ability of others to lend could weaken following the introduction of its negative interest-rate policy. Banks are less able to make up for declining profitability of domestic lending because the areas that had supported earnings, such as low bad-loan ...

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