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Goldman Sachs

Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base.

The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. The bank is one of the largest investment banking enterprises in the world, and is a primary dealer in the United States Treasury security market and more generally, a prominent market maker. The bank also owns Goldman Sachs Bank USA, a direct bank.



Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in Lower Manhattan with additional offices in other international financial centers. As a result of its involvement in securitization during the subprime mortgage crisis, Goldman Sachs suffered during the financial crisis of 2007-2008, and received a $10 billion investment from the United States Department of the Treasury as part of the Troubled Asset Relief Program, a financial bailout created by the Emergency Economic Stabilization Act of 2008. The investment was made in November 2008 and was repaid in June 2009.



Former employees of Goldman Sachs have moved on to government positions. Notable examples includes former U.S. Secretaries of the Treasury Robert Rubin and Henry Paulson; current United States Secretary of the Treasury Steven Mnuchin; former Under Secretary of State John C. Whitehead; former chief economic advisor Gary Cohn; European Central Bank President Mario Draghi; former Bank of Canada Governor and current Governor of the Bank of England Mark Carney and the former Prime Minister of Australia Malcolm Turnbull. In addition, former Goldman employees have headed the New York Stock Exchange, the World Bank, and competing banks such as Citigroup and Merrill Lynch. The company is ranked 70th on the Fortune 500 list of the largest United States corporations by total revenue.



Timeline

September 20, 2019

The CEO of Goldman Sachs launches a music label called Payback Records



August 20, 2019

Goldman Sachs invests $72.5M in H20.ai



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David M. Solomon

Chairman and Chief Executive Officer



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News

Title
Author
Date
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Description
Mike Butcher
February 14, 2020
TechCrunch
Last month Tradeshift, a platform for supply chain payments which has achieved unicorn startups in recent years, had some good news and some bad news. It announced a Series F funding round of $240 million in equity and debt, raised from a combination of existing and new investors. It's now raised a total of $661M [...]
Reuters
February 13, 2020
@bsindia
The schools run by Galileo include the Paris School of Business (PSB), Macromedia University in Germany and Italian fashion school Istituto Marangoni
Pamela Barbaglia
February 13, 2020
IN
The private equity owner of one of Europe's largest private education groups, Galileo Global Education, has put the business up for the sale in a deal worth about 2.5 billion euros ($2.72 billion), three sources told Reuters.
Lewis Krauskopf
February 12, 2020
IN
Outsized stock price gains for Apple Inc and Microsoft Corp mean the two tech titans' shares have attained unusual status: a combined weight of 10% of the benchmark S&P 500 index.
February 10, 2020
www.nytimes.com
The investor Chamath Palihapitiya urged start-ups and venture capitalists to reconsider where they get their money from, in light of a new report on a Mormon Church mega-fund.
Julie Zhu
February 7, 2020
IN
Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two people with direct knowledge of the matter.
February 7, 2020
WebWire
Warner Music Group Corp. ("Warner Music Group") announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering ("IPO") of its common stock. The shares of common stock to be sold in this offering are proposed to be sold by certain of Warner Music Group's stockholders. The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined....
Reuters Editorial
February 4, 2020
U.S.
The global oil market expects the coronavirus outbreak to create a large demand shock and keep volatility in spot prices elevated, Goldman Sachs said.
Press Trust of India
February 3, 2020
@bsindia
Telcos ability to participate in spectrum auctions in the near term remains an uncertainty, it observed
Press Trust of India
February 3, 2020
@bsindia
Goldman Sachs said the central bank will shift the stance of the monetary policy to neutral from accommodative at this weeks review
Reuters Editorial
February 3, 2020
U.S.
Goldman Sachs downgraded ExxonMobil to "sell" following disappointing fourth-quarter results, as the Wall Street bank forecasted the oil and gas company will meet only half of its targeted returns by 2025.
Reuters Editorial
January 31, 2020
IN
The coronavirus outbreak is likely to hit China's economic growth by 0.4 percentage point in 2020 and will potentially drag the U.S. economy lower as well, due to lower tourism and exports, investment bank Goldman Sachs said on Friday.
Connie Loizos
January 30, 2020
TechCrunch
In May 2018, after spending more than 30 years at BET Networks, Debra Lee stepped down as chairman and CEO, following a series of reorganizations within Viacom cable networks. But Lee, who also oversaw the launch of the first network for black women (BET Her) and the related invite-only annual women's conference Leading Women Defined, [...]
Elizabeth Dilts Marshall
January 29, 2020
U.S.
Goldman Sachs Group Inc on Wednesday set aggressive targets to grow many of its businesses, as the Wall Street powerhouse tries to make meaningful inroads in areas dominated by larger rivals JPMorgan Chase and Bank of America
Kate Kelly
January 29, 2020
www.nytimes.com
After a tough few years, the bank is hoping its first "investor day" on Wednesday will help it return to Wall Street favor.
Eric Eldon
January 25, 2020
TechCrunch
Are January layoffs just a few post-WeWork jitters? TechCrunch has found itself writing about layoffs at a few notable tech companies this week -- and not just Softbank-backed ones. The focus is very much profits, as Alex Wilhelm summed up on Thursday, especially after the failed WeWork IPO and subsequent valuation and headcount decimation. We'll [...]
January 24, 2020
www.nytimes.com
The bank said that it would only work on an I.P.O. if the client had at least one "diverse" board candidate, an attempt to increase women and minority directors.
Connie Loizos
January 23, 2020
TechCrunch
Some of the biggest banks in the United States are among the powerful institutions in the world. But like every incumbent, they still have to hustle to stay relevant. Morgan Stanley has increasingly gotten behind investors who say they want to see more direct listings, for example. Some of those investors wield a lot of [...]
Connie Loizos
January 22, 2020
TechCrunch
It's hard to put a positive spin on terrible situation, but that didn't stop Goldman Sachs CEO David Solomon earlier today. Asked during a session at the World Economic Forum in Davos about WeWork's yanked IPO in September, Solomon suggested it was proof that the listing process works, despite that the CFO of Goldman -- [...]
Jude Webber
January 20, 2020
@FinancialTimes
News, analysis and comment from the Financial Times, the world's leading global business publication
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