The world's biggest banks face an impending funding crisis, with a "wall of maturities" fast approaching, and must raise billions more in capital in the coming years, the International Monetary Fund (IMF) has warned.
Banks must raise billions to fend off crisis, says IMF

ARM Credit Suisse: reiterated outperform, tp raised to 199 from 160
BARC Morgan Stanley: reiterated overweight, tp cut to 390 from 435
EMG Credit Suisse: reiterated neutral, tp cut to 300 from 320
GRT Citigroup: initiated buy
GRT HSBC: initiated overweight
LAND Goldman: outperform
LAND Morgan Stanley: outperform
RB. JPMorgan: reiterated overweight, tp raised to 3700 from 3400
RBS Morgan Stanley: resumed equalweight, tp 40

Morning Kyoto.
I didn't like the look of your report from the IMF above. Doom and gloom forecasts plus Mervyn King's talks have spooked the banks yet again. Pity I am long with real shares and not playing the short market.
TT

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Midday Market Overview

The market is looking fairly negative now. Was hoping that we would recover on the US open but the opposite - we've got weaker.

FTSE keeps bouncing off that 5200 support though. There have been some absolutely brutal moves on the miners in the last few days - if this turns there's going to be a lot of money to be made on the upside - timing the entry is everything though at the moment!



Three weeks:

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End-of-day Market Overview