B · Normal
[Goldman Sachs CEO warns that the performance of the fixed income business will be weaker and the company's overall expenses are expected to increase] On September 17, Goldman Sachs CEO Dewei Su warned that the performance of the bank's fixed income trading business was weaker than in the past few quarters, and company-wide expenses are also rising. Su Dewei said at a conference at Barclays on Wednesday that the fixed-income trading business performed weaker than the equity trading business in the third quarter, which remained "very strong." He said that given the busy activity with clients this quarter and the acceleration of some technology investments, Goldman Sachs' cost expenses are expected to increase.
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