Goldman Sachs CEO Su Dewei warned that the bank's fixed income trading business performance was weaker than in the past few quarters, and the company's spending was also rising. Su Dewei said at a Barclays conference on Wednesday that the fixed income trading business performed weaker than the stock trading business in the third fiscal quarter, and the latter was still “very strong.” He said that in view of the busy activity with customers this quarter and the acceleration of some technology investments, Goldman Sachs's costs and expenses are expected to increase.

Goldman Sachs CEO Su Dewei warned that the bank's fixed income trading business performance was weaker than in the past few quarters, and the company's spending was also rising. Su Dewei said at a Barclays conference on Wednesday that the fixed income trading business performed weaker than the stock trading business in the third fiscal quarter, and the latter was still “very strong.” He said that in view of the busy activity with customers this quarter and the acceleration of some technology investments, Goldman Sachs's costs and expenses are expected to increase.