A weak performance in September could leave investment banks' revenues in the third quarter down about 10% from a year ago, putting 2015 revenues on track to fall from a year ago and intensifying pressure on European firms to scale back.
HSBC <HSBA.L> pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across it