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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Omar Faridi
May 25, 2020
Crowdfund Insider
After predicting Bitcoin will not hold value, Goldman Sachs to hold economic outlook conference discussing gold and BTC investments.
Reuters Editorial
May 22, 2020
U.S.
Hedge funds concentrated their portfolios even further into growth stocks including Amazon.com Inc and Microsoft Corp in the first quarter of 2020 as the COVID-19 pandemic pummeled U.S. markets, Goldman Sachs analysts said in a report.
Paul Withers
May 21, 2020
Express.co.uk
GOLDMAN SACHS' boss has outlined a huge difference between the financial crash in 2008 and the impending collapse of the world economy resulting from the coronavirus pandemic, warning 'very, very difficult' decisions lie ahead over the coming months and years.
The Quint
May 18, 2020
The Quint
A recent note by Goldman Sachs economists has said that the Indian government's efforts to boost the economy is more focussed on the medium-term impact over immediate support, said a report by India Today.
Elizabeth Dilts Marshall
May 14, 2020
IN
Goldman Sachs Chief Financial Officer Stephen Scherr told investors on Wednesday that the bank's lending exposure to energy, hotel, gaming and airline companies was manageable, and that the bank would not seek to grow its retail loan portfolio given current economic conditions.
FinSMEs
May 11, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Puneet Wadhwa
May 8, 2020
@bsindia
Analysts at Goldman Sachs expect the Indian economy to contract 0.4 per cent in FY21 versus consensus median 2.7 per cent
Ingrid Lunden
April 23, 2020
TechCrunch
Paige, the Sloan-Kettering spinout that has been building an artificial intelligence platform to improve cancer pathology and subsequently use those insights to develop better drug therapies, has raised an additional $5 million in funding to continue its work commercialising its platform and expanding its research reach, while also getting FDA clearance to launch in hospitals [...]
April 17, 2020
CCN.com
The Dow Jones is surging back toward record highs, but Goldman Sachs just issued a stark warning about the index's most important stock.
April 17, 2020
WebWire
Texas Governor Greg Abbott announced that Goldman Sachs and the LiftFund, along with other community development financial institutions (CDFIs), are partnering to provide $50 million in loans to small businesses in Texas that have been affected by COVID-19 as part of the Goldman Sachs 10,000 Small Businesses program. These loans, made through the U.S. Small Business Administration's (SBA) Paycheck Protection Program (PPP), will primarily be used for payroll so that employees can continue...
Reuters Editorial
April 13, 2020
U.S.
Goldman Sachs said on Sunday that the deal between major oil producers to cut output by nearly 10 million barrels per day is 'historic yet insufficient,' adding that no deal would be enough to offset the sharp drop in demand already occurring.
April 9, 2020
The Economic Times
Chief India Economist of Goldman Sachs says Indias growth forecast lowered to 1.6% as global growth projections are down by more than 5%
April 8, 2020
https://www.outlookindia.com/
Indian policymakers have not been aggressive enough in their response till now to the crisis, and will need to eventually intensify their efforts, economists at Goldman Sachs said.
Puneet Wadhwa
April 8, 2020
@bsindia
While the fiscal easing so far has been limited, they do expect more fiscal measures by the central and the state governments.
April 7, 2020
WebWire
The following email was sent to all Goldman Sachs people: Kathryn H. Ruemmler Joins Goldman Sachs as Global Head of Regulatory Affairs; Michael Richman to Become Chief Compliance Officer We are pleased to announce that Kathryn H. Ruemmler will join the firm this month as global head of Regulatory Affairs and a member of the Management Committee. In this capacity, Kathy will oversee the management of the firm's regulatory infrastructure, including Goldman Sachs' interactions with bank...
Simon Jessop
April 1, 2020
U.S.
As companies cut dividends in response to the financial havoc caused by the coronavirus, fund managers whose portfolios rely on the payouts are sifting for those most likely to deliver a sustainable yield when the world recovers.
Reuters Editorial
March 30, 2020
IN
The coronavirus pandemic and resulting plunge in crude prices will result in a leaner, stronger oil industry but raise the risk of shortages further down the line, Goldman Sachs analysts said on Monday.
Reuters Editorial
March 30, 2020
U.S.
Goldman Sachs said on Monday it expects S&P 500 dividends to fall by 25% in 2020 as certain large dividend-paying industries are particularly vulnerable to the economic shock of the coronavirus outbreak.
Zhang Yan
March 27, 2020
U.S.
Goldman Sachs and Morgan Stanley said on Friday they had received the final regulatory approvals to take majority stakes in their China securities joint ventures, as Beijing continues to open its financial sector to foreigners.
Reuters Editorial
February 24, 2020
IN
Goldman Sachs said commodity prices could fall sharply before Chinese stimulus to combat the coronavirus impact later this year helps the sector achieve its 12-month return forecast of about 10%.
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