Goldman Sachs Bond-Trading Pushes 47% Profit Gain

The transcript discusses the financial performance of a company, highlighting strong results in bond trading and debt underwriting. It also examines the challenges faced in M&A advisory services, attributed to a global slowdown. The discussion shifts to cost management strategies, including staffing adjustments and the impact of trading revenues on bonuses.

What explanations did Goldman Sachs provide for the slowdown in their M&A activities?

How does the performance of trading revenues impact employee bonuses as described in the text?