Bloomberg Stifel Financial Corp. is expanding its leveraged finance business as the firm seeks to grow in a hot corner of the credit markets. The St. Louis-based financial firm is building a new unit that will arrange and sell loans and bonds for junk-rated companies. It plans to use its own capital to underwrite deals, according to a statement seen …

Bloomberg Britain’s Civil Aviation Authority (CAA) is stepping up efforts to ensure that airlines and aerospace companies can carry on functioning in the event of a no-deal Brexit. The regulator has briefed government officials on its plans to recruit staff with the expertise to take over the certification of parts and planes should the split cause Britain to leave the …

Bloomberg Dutch airline KLM agreed to reduce the workload for its pilots. Unions at sister carrier Air France want a deal too. Labour representatives at Air France-KLM’s French unit have been asking for a pay rise since the beginning of the year, vowing to stage more strikes if new Chief Executive Officer Ben Smith doesn’t comply. Now that KLM pilots …