Bloomberg Lloyds Banking Group Plc’s Bank of Scotland unit was fined $58 million by UK’s finance regulator over a scandal at the bank’s Reading division that siphoned millions from failing businesses a decade ago. The company “failed to alert the regulator and the police about suspicions of fraud at its Reading branch when those suspicions first became apparent,” the Financial …

Bloomberg The union for American Airlines Group pilots is redoubling its push for time in a Boeing 737 Max simulator, saying aviators should be given access before the grounded plane returns to service. Dan Carey, a veteran American pilot and head of the Allied Pilots Association (APA), appealed to Boeing Chief Executive Officer Dennis Muilenburg a day after testifying before …

Bloomberg Airlines worldwide are diverting flights away from southern Iran, lengthening travel times, after the Federal Aviation Administration (FAA) issued an edict barring American operators from the region amid escalating tensions with the Persian Gulf country. Deutsche Lufthansa AG, Dutch carrier KLM and Qantas Airways Ltd of Australia are among carriers re-routing long-haul services to avoid the Strait of Hormuz, …