Bank analysts at Credit Suisse have identified a clutch of rivals they believe are best placed to outperform in a time of continued turmoil in the eurozone – as well as those whose shares are vulnerable.

Credit Suisse's bank analysts, led by Carla Antunes da Silva, published a 171-page report yesterday in which they upgraded their forecasts for stocks in HSBC, Standard Chartered and UBS, while downgrading Deutsche Bank and Royal Bank of Scotland.