Goldman Sachs

Goldman Sachs

Goldman Sachs | Business Site List

"The Goldman Sachs Group, Inc., is an American multinational investment bank as well as economic services company headquartered in New York City. It offers services in financial investment administration, safeties, property management, prime broker agent, and safety and securities underwriting.

The financial institution is among the largest investment financial business in the world, as well as is a primary dealer in the USA Treasury safety market as well as even more usually, a famous market maker. The team additionally has Goldman Sachs Financial Institution USA, a straight financial institution. Goldman Sachs was founded in 1869 and is headquartered at 200 West Road in Lower Manhattan with added offices in other international financial facilities.

As a result of its participation in securitization throughout the subprime home mortgage dilemma, Goldman Sachs suffered throughout the economic dilemma of 2007-- 2008, and received a $10 billion financial investment from the United States Department of the Treasury as part of the Troubled Possession Relief Program, an economic bailout developed by the Emergency Economic Stablizing Act of 2008. The investment was made in November 2008 as well as was repaid in June 2009.

Previous employees of Goldman Sachs have gone on to federal government positions. Remarkable examples includes previous U.S. Assistants of the Treasury Robert Rubin and Henry Paulson; existing USA Secretary of the Treasury Steven Mnuchin; former Under Secretary of State John C. Whitehead; former primary economic consultant Gary Cohn; Guv of New Jacket Phil Murphy and also previous Governor of New Jacket Jon Corzine; former Head of state of Italy Mario Monti; European Reserve Bank President Mario Draghi; previous Bank of Canada as well as Bank of England Guv Mark Carney; British Chancellor of the Exchequer Rishi Sunak; and the former Prime Minister of Australia Malcolm Turnbull. On top of that, previous Goldman workers have actually headed the New York Stock Exchange, the World Financial institution, and contending financial institutions such as Citigroup as well as Merrill Lynch.

The firm is ranked 62nd on the Ton of money 500 list of the biggest USA firms by total earnings."