What Does the Cut in HSBC's Rating Mean?

HSBC Holdings Plc’s credit rating outlook was cut by Standard & Poor’s, which questioned whether the lender is too big to be managed effectively in the wake of regulatory scandals in the U.S. and Europe.
China Sends a Message With World War II Parade
45:40 - China is leaving nothing to chance ahead of Thursday's commemoration of the end of World War II. Unprecedented steps have been taken to ensure the stock market rout and the Tianjin disaster do not overshadow President Xi's day. Bloomberg's David Tweed reports on "First Up." (Source: Bloomberg)
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