LONDON (MarketWatch) -- Credit Suisse on Monday upgraded U.K. bank Lloyds TSB to neutral from underperform, citing valuation and the potential for the U.K. government to help banks manage down their risk weighted assets. Credit Suisse also said it thinks HM Treasury will work more closely with banks to ease funding -- including extending the existing credit guarantee scheme to include asset-backed securities -- rather than forcing banks to raise yet more capital.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.






Go to Full Article