Goldman, Sachs & Co.
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| Public company | |
| Traded as |
|
| Industry | Financial services |
| Founded | 1869 |
| Founder |
Marcus Goldman Samuel Sachs |
| Headquarters | 200 West Street, Manhattan, New York City, New York, U.S. |
|
Area served
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Worldwide |
|
Key people
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Lloyd Blankfein (Chairman and CEO) David Solomon (President and Co-COO) Harvey Schwartz (President and Co-COO) R. Martin Chavez (chief financial officer) Elisha Wiesel (chief information officer) |
| Products |
Asset management Commercial banking Commodities Investment banking Investment management Mutual funds Prime brokerage |
| Revenue |
 US$37.71 billion (2016) |
 US$10.30 billion (2016) |
|
|
US$7.40 billion (2016) |
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| Total assets |
US$860.1 billion (2016) |
| Total equity |
US$86.89 billion (2016) |
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Number of employees
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34,400 (2016) |
| Capital ratio | 13.1% (2016; Basel III Advanced) |
| Rating | Standard & Poor's: BBB+ (long term debt) Moody's: A3 (long term debt) Fitch Ratings: A (long term debt) |
| Website | www |
The Goldman Sachs Group, Inc. is an American multinational finance company that engages in global investment banking, investment management, securities, and other financial services including asset management, mergers and acquisitions advice, prime brokerage, and securities underwriting services. It also sponsors private equity funds, is a market maker, and is a primary dealer in the United States Treasury security market. Goldman Sachs also owns GS Bank USA, a direct bank.
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.
Due to its involvement in subprime mortgage securitization, Goldman Sachs was hit hard by the 2007-2008 financial crisis, and was loaned $10 billion in by the U.S. Treasury as part of a massive U.S. government bailout. The loan was made in November 2008 and repaid with interest in June 2009.
The list of former employees of Goldman Sachs who moved on to government positions includes former U.S. Secretaries of the Treasury Robert Rubin and Henry Paulson; current United States Secretary of the Treasury Steven Mnuchin; current 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 current Prime Minister of Australia Malcolm Turnbull. In addition, former Goldman employees have headed the , the World Bank, and major banks such as Citigroup and Merrill Lynch.
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Wikipedia