Goldman Sachs: History &Amp; Evolution

2016 Words9 Pages
GOLDMAN SACHS Goldman Sachs Group, Inc. is a premiere global bank holding company with strong interests in investment banking, securities trading, and investment management. The headquarters of this bank holding company are in Lower Manhattan, New York and Jersey City, New Jersey. The group maintains offices in major financial districts around the world, which serve corporations, governments, and wealthy families as well as financial advisors and money managers. Clients gain a host of services, which include merger and acquisition advice, underwriting services, asset management, and engagement in proprietary trading and private equity deals. The U.S. treasury securities market recognizes Goldman as a primary dealer, a special role granted to seventeen bank holding companies in 2008. The goal of the group has inflected over the early 1900’s to about 2000 as a separate investment banking corporation. This would include financial Advisory (mergers and acquisitions, investitures, corporate defense activities, restructurings and spin-offs) and Underwriting (public offerings and private placements of equity, equity-related and debt instruments). Investment banks profit from companies and governments by raising money through issuing and selling securities in the capital markets through both equity and bonds, as well as providing advice on transactions such as mergers and acquisitions. Marcus Goldman created Goldman Sachs in 1896. The company had many profound accomplishments in the fifty years after its inception; including an invitation onto the New York Stock Exchange market, as well as world known recognition onto major markets. The firm prioritized itself toward creating a basic framework for corporate America in the late 1800s to early 1900s, and had much success in pursuing this role effectively. Senior Goldman members decided on the

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