Goldman downgrades the European banking sector to Neutral from Overweight, saying market doubts...

|By:, SA News Editor

Goldman downgrades the European banking sector to Neutral from Overweight, saying market doubts are beginning to creep back after some initial euphoria over Greece's second bailout. Domestic demand is likely to remain weak, hurting loan prospects, and concerns about capital raising remain high. LYG -2.8%, BCS -2.9%, ING -4.1%, STD -4.2%, DB -1.1%, UBS -0.7%.