Lloyds needs to raise £8.6 bln capital

Lloyds Banking Group must plug a capital shortfall of 8.6 bln pounds ($13.5 bln), Britain's banking regulator said on Thursday, a day after the government signalled plans to return the part-state owned

What’s wrong with an optimistic Fed?

. Marcuard's Market update by GaveKal Research The Federal Reserve made no policy changes on Wednesday—short rates remain near zero and quantitative easing continues at a fast clip of $85bn per month.