Goldman Sachs sees earnings plunge by a third

Goldman Sachs has reported a fall in earnings (Richard Drew/AP)

Goldman Sachs has reported that its third-quarter earnings fell by 33% due to muted market conditions that meant fewer deals for the US-based investment bank.

The bank also saw a notable rise in expenses in the quarter, as the bank had to write down its investment in lending platform GreenSky as well as its property investments.