The bank suffers net income declines, while volatility causes a slump in trading across the firm.

Despite a challenging operating environment, the broker-dealer’s earnings soar from the previous quarter.

Tidjane Thiam, seeking to reassure investors about his ability to turn around the troubled firm, pledged to continue efforts to cut costs.

The firm suffers declines due to below average market conditions, but sees growth in the rank and file.

The weak performance was due to challenging market conditions, which reduced assets under management and client activity, the bank's CFO said.