Banking stocks were under pressure on Friday with global lender HSBC leading the decline after a broker downgrade.HSBC was trading 2% lower at 600.5p in the afternoon session after Morgan Stanley analysts lowered their recommendation on the stock from 'equal weight' to 'underweight'.The US bank said that HSBC's profits and sales in 2016 will fail to live up to analysts' current forecasts and that the company could pay a lower dividend to shareholders next year.Part-nationalised lender Royal Bank of Scotland was also trading lower, down 0.5%, after axing a plan to hand out bonuses worth double fixed-pay after the British government refused to back it.A higher bonus cap at RBS, which is still in the red after receiving a taxpayer bailout following the credit crunch, was not justifiable, the Treasury said.Sector peer Barclays was also lower, pulling back after a solid rise the previous session following its annual general meeting (AGM).Barclays faced a protest against its controversial bonus policy on Thursday as 24% of shareholders who voted opposed the remuneration report. The stock was down 1.1% at 249.2p today.Standard Chartered and Lloyds were also unwanted this afternoon.Top performing sectors so far todayPersonal Goods 23,756.27 +0.97%Aerospace and Defence 4,793.12 +0.78%Mobile Telecommunications 4,913.95 +0.71%Food Producers & Processors 7,650.82 +0.53%Gas, Water & Multiutilities 5,841.98 +0.39%Bottom performing sectors so far todayForestry & Paper 10,604.40 -1.75%Automobiles & Parts 8,929.07 -1.60%Banks 4,440.77 -1.55%Industrial Transportation 3,062.67 -1.47%Electronic & Electrical Equipment 4,175.91 -1.20%BC