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Goldman Sachs

The Goldman Sachs Group, Inc.
Public
Traded as
Industry Financial services
Founded 1869; 148 years ago (1869)
Founder Marcus Goldman
Samuel Sachs
Headquarters 200 West Street, New York, New York, U.S.
Area served
Worldwide
Key people
Lloyd Blankfein
(Chairman and CEO)
David Solomon
(President and Co-COO)
Harvey Schwartz
(President and Co-COO)
Products Asset management, Commercial banking, Commodities, Investment banking, Investment management, Mutual funds, Prime brokerage
Revenue DecreaseUS$ 39.20 billion (2015)
Decrease US$ 8.77 billion (2015)
Decrease US$ 6.08 billion (2015)
Total assets Increase US$ 861 billion (2015)
Total equity Increase US$ 86.73 billion (2015)
Number of employees
34,800 (2016)
Capital ratio 12.2% (Q1 FY 2016)
Rating Standard & Poor's (BBB+)
Moody's (A3)
Fitch Ratings (A)
Website www.goldmansachs.com

The Goldman Sachs Group, Inc. is an American multinational finance company that engages in global investment banking, investment management, securities, and other financial services, primarily with institutional clients.

Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in Lower Manhattan, New York City, with additional offices in other international financial centers. The firm provides asset management, mergers and acquisitions advice, prime brokerage, and underwriting services to its clients, which include corporations, governments, and individuals. The firm also engages in market making and private equity deals, and is a primary dealer in the U.S. Treasury security market.

Due to its involvement in subprime mortgages, Goldman Sachs was hit hard by the 2008 economic crisis, and was subsequently rescued as part of a massive U.S. government bailout.

Former Goldman executives who moved on to government positions include former U.S. Secretaries of the Treasury Robert Rubin and Henry Paulson; European Central Bank President Mario Draghi; former Bank of Canada Governor and current Governor of the Bank of England Mark Carney and the current Prime Minister of Australia Malcolm Turnbull. Second-generation Goldman alum Steve Mnuchin has been nominated by Donald Trump to serve as United States Secretary of the Treasury in his administration.


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