Goldman Sachs warns it may slow hiring, cut expenses as deals slump

Goldman's investment banking revenue fell 41% to $2.14 bn in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and M&As

Goldman Sachs Group Inc on Monday reported a smaller-than-expected 48% slump in quarterly profit, buffered by the strength in fixed-income trading, but warned it may slow hiring and cut expenses as the economic outlook worsens.
 

U.S. Federal Reserve interest rate hikes, aimed at taming runaway inflation, have rattled global financial markets, curbing companies' appetite for deals and making them wary of stock and debt offerings.
 

Goldman's investment banking revenue fell 41% to $2.14 billion in the second quarter, as fees from both equity and debt underwriting fell along with those from advising on stock listings and mergers and acquisitions.
 

"Given