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Goldman Sachs Group

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$37.71 billion (2016)
Increase US$10.30 billion (2016)
Increase US$7.40 billion (2016)
Total assets Decrease US$860.1 billion (2016)
Total equity Increase US$86.89 billion (2016)
Number of employees
34,400 (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 securities underwriting 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 subsequently received $10 billion from the U.S. Treasury as part of a massive U.S. government bailout, which was 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.


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