Bloomberg The Bank of England (BOE) plans to increase capital requirements for UK lenders by 11.4 billion pounds ($14.5 billion) to tackle risks posed by consumer credit growth and prepare for the uncertain outcome of Brexit talks. The BOE set the countercyclical capital buffer at 0.5 percent of risk-weighted assets for UK loans effective in June 2018. “Absent a material …

Bloomberg Bankia SA agreed to acquire Banco Mare Nostrum SA (BMN) in an all-stock deal, part of a plan by Spain to recoup the costs of bailing out lenders following the country’s property bust. Bankia, the country’s fourth-biggest bank by market capitalization, will issue new stock amounting to 6.7 percent of its post-merger capital to the shareholders of Banco Mare …

Bloomberg Australia & New Zealand Banking Group Ltd. (ANZ) told a US court that its commodities trading arm suffered ‘substantial losses’ after it discovered that receipts for metal held in Glencore Plc’s Access World warehouses are probably fake. When ANZ looked into selling the nickel, it discovered 83 out of 84 receipts it held were likely forgeries, the Australian lender …