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The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.
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The Latest News section aggregates recent news posts from various news outlets, offering a comprehensive overview of the most recent developments related to the topic.
Here is a rundown of some of the Friday announcements from U.S. banks that were subject to this week's stress tests....
Big banks plan to pay out more to shareholders after passing regulators' annual stress test results earlier this week....
U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve'...
The financial services sector in 2024 is poised for growth, driven by robust economic fundamentals and technological advancements. As one of the largest contributors to the U.S. economy, this sector g...
Mike Mayo, Wells Fargo, joins 'Closing Bell' to discuss big banks stress tests and his outlook for the sector....
Ten large banks including Bank of America , Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion ...
Citigroup Remains A Buy With The 2024 Stress Test Results...
Goldman Sachs is bringing in corporate muscle, hiring Darius Adamczyk, the former head of Honeywell International, to parachute into portfolio companies that the bank works with and help fix their op...
The Federal Reserve Board's annual bank stress test revealed that all of the large US banks under evaluation are "positioned to weather a severe recession and stay above minimum capital requirements,"...