Goldman Sachs

Goldman Sachs

The Goldman Sachs Group, Inc. is a 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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BBC News
July 24, 2020
BBC News
The US bank will make a cash payment to the Malaysian government as part of the deal.
Conor Hale
July 13, 2020
FierceBiotech
Memorial Sloan Kettering Cancer Center's digital cancer pathology spinout, Paige, has secured an additional $15 million from Goldman Sachs, bringing the company's total series B haul up to $70 million.
Reuters
July 10, 2020
@bsindia
Gileads remdesivir significantly improved clinical recovery and reduced the risk of death in Covid-19 patients, additional data from a late-stage study showed.
Srividya Kalyanaraman
July 8, 2020
AmericanInno
Its clientele includes brands like Adidas, Dropbox, DHL, and Vodafone
Ryan Flanagan
July 8, 2020
Coronavirus
The chief economist at Goldman Sachs says making it mandatory to wear masks in public places across the U.S. could avert a five-per-cent drop in the American GDP.
Shally Seth Mohile
July 2, 2020
@bsindia
Rajes appointment comes weeks after the Anand Mahindra-led firm announced that it will exit from loss making subsidiaries and entities
Reuters
July 2, 2020
@bsindia
Demand is expected to fall by 8% this year, before rebounding 6% in 2021, the bank said
Nikita Vashisht
June 16, 2020
@bsindia
According to Morgan Stanley, multiple triggers - asset sales, pickup in energy cash flows, increased traction in omni-channel retail and rise in telecom ARPU- could further drive the stock
Jess Sheldon
June 12, 2020
Express.co.uk
BANK and savings accounts - and the interest rates they offer - are something many will look to keep an eye on. Recently, Marcus by Goldman Sachs reintroduced one of its accounts, however a change to the rates available has taken place.
Jess Sheldon
June 12, 2020
Express.co.uk
BANK accounts come in a whole host of forms, with some offering interest rates while others will not. Some first direct customers can access what the bank says is the 'best savings rate we have'.
Reuters Editorial
June 12, 2020
IN
Top Wall Street brokerages Goldman Sachs and Morgan Stanley downgraded their ratings on Tesla Inc saying the electric carmaker's shares were overpriced, two days after the high-flying stock crossed $1,000 per share.
JD Alois
June 12, 2020
Crowdfund Insider
Click HERE to find out ⭐ Goldman Sachs' Digital Bank Marcus to Provide Credit to Amazon Sellers. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Jess Sheldon
June 10, 2020
Express.co.uk
NATIONWIDE has announced changes to interest rates on a number of savings and current account products, including FlexDirect - an account which has been best-known for its five percent interest rate offer.
Reuters Editorial
June 10, 2020
U.S.
Goldman Sachs Group Inc said on Wednesday it had launched a $10 million fund to support the work of organizations addressing racial injustice, structural inequity and economic disparity.
Reuters Editorial
June 10, 2020
IN
The rally across commodities has gotten ahead of fundamentals with the exception of metals, Goldman Sachs said in a note dated Tuesday, adding that it was hesitant to recommend a long position this early in the cycle.
Ron Miller
June 9, 2020
TechCrunch
One would think it's a given that investment strategies would change in the strange times we find ourselves. With the economy staggering and so much general uncertainty, it seems caution would be the watchword of the day, especially in the enterprise. But enterprise investors aren't necessarily looking at what's going on right now. As startups [...]
Jess Sheldon
June 9, 2020
Express.co.uk
MARCUS bank by Goldman Sachs will close to new UK customers from Wednesday.
Sinead Cruise
June 9, 2020
U.S.
Goldman Sachs is closing its easy access savings business to new customers in Britain from Wednesday, after deposits surged to near regulatory limits during the coronavirus lockdown.
Zack Whittaker
June 9, 2020
TechCrunch
jSonar's co-founder said he was "thrilled" the investment.
Krishna N. Das
June 6, 2020
U.S.
Malaysia's new government would not be willing to accept even compensation of $3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.
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