First-half profit for Australian investment bank Macquarie Group has slumped by 24% to $A305 million.
Revenue was down 38% on last year. Brokerage and commissions were down by 12%.
The ABC reports operating expenses fell 11%, partly due to a 3% drop in employee numbers.
Macquarie also announced an unfranked dividend of 65 cents per share, down 24% on last year.
Chief executive Nicholas Moore says it is too soon to tell whether the latest agreement from European leaders will alleviate the debt crisis and soothe the markets.
The ABC reports shares in Macquarie Group have fallen 34% this year.