HSBC Long-term Issuer Default Rating downgraded by Fitch Fitch downgraded the Long-term Issuer Default Rating of HSBC Holdings to 'AA-' from 'AA' following the agency's periodic review of the group. The Rating Outlook is revised to Stable from Negative.
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Investment banks to slice pay again despite upped profits, FT says Nine of the largest global investment banks in the U.S. and Europe are planning to slice pay for the third consecutive year despite an increase in profits, according to the Financial Times, citing the periodical's analysis of the bank's quarterly reports. Reference Link