S&P downgrades Amvescap

Standard & Poors has lowered its rating on Amvescap ahead of an expected decision by the UK funds group to slash its dividend in the wake of a $450m (€367m) fine by the Securities and Exchange Commission for improper mutual fund trading.

S&P lowered its long-term rating one notch to BBB.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink