Goldman Sachs

The Goldman Sachs Group, Inc. is a leading American multinational investment bank and financial services firm headquartered in New York City. It provides a wide range of services, including investment management, securities trading, asset management, prime brokerage, and securities underwriting.

As one of the largest investment banking institutions globally, Goldman Sachs is a key player in the U.S. Treasury security market and serves as a prominent market maker. The firm also operates Goldman Sachs Bank USA, a direct banking platform. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan and maintains offices in major financial hubs worldwide.

During the 2007-2008 financial crisis, Goldman Sachs faced significant challenges due to its involvement in securitization linked to the subprime mortgage market. It received a $10 billion investment from the U.S. Department of the Treasury under the Troubled Asset Relief Program (TARP), part of the Emergency Economic Stabilization Act of 2008. The funds were received in November 2008 and fully repaid by June 2009.

Goldman Sachs alumni have frequently transitioned into influential government and financial leadership roles. Notable figures include former U.S. Treasury Secretaries Robert Rubin and Henry Paulson, current Treasury Secretary Steven Mnuchin, and former Chief Economic Advisor Gary Cohn. Internationally, alumni include European Central Bank President Mario Draghi, former Bank of Canada Governor and current Bank of England Governor Mark Carney, and former Australian Prime Minister Malcolm Turnbull. Additionally, ex-Goldman executives have held leadership roles at institutions like the New York Stock Exchange, the World Bank, and rival firms such as Citigroup and Merrill Lynch.