Goldman Sachs succumbed to the third-quarter gloom afflicting investment banks as revenues from fixed income, currencies and commodities trading on behalf of clients plunged to their lowest level since the Wall Street bank first published standalone figures for client trading.

Third-quarter revenues from FICC client execution dived 44% from the same period last year to $1.3 billion, which also marked a 49% drop-off from the second quarter this year, Goldman Sachs said in its quarterly results statement today.