Goldman Sachs
Goldman Sachs, founded in 1869, evolved from a commercial paper broker to a global investment banking and financial services titan, consistently adapting its strategies across economic cycles to advise, finance, and manage capital for corporations, institutions, and governments worldwide.
Quick Facts
- Founded
- 1869
- Founder
- Marcus Goldman
- Origin
- USA
Founders
Story Chapters
Timeline
Founding of Goldman Sachs
Marcus Goldman, a German immigrant, establishes Goldman Sachs in New York City, initially focusing on commercial paper.
First Major IPO
Goldman Sachs manages its first major initial public offering for Sears, Roebuck and Company, marking its entry into the IPO market.
Surviving the Great Depression
Despite the economic turmoil, Goldman Sachs survives the Great Depression, a testament to its resilience and strategic foresight.
Acquisition of J. Aron & Company
Goldman Sachs acquires J. Aron & Company, expanding its commodities trading and foreign exchange operations significantly.
Public Listing
Goldman Sachs goes public, an historic moment that raises $3.66 billion, making it the largest IPO in U.S. financial history at the time.
Financial Crisis and Bailout
During the financial crisis, Goldman Sachs receives a $10 billion investment from the U.S. Treasury's Troubled Asset Relief Program.
SEC Lawsuit and Settlement
Goldman Sachs settles a lawsuit with the SEC for $550 million over misleading investors in the subprime mortgage market.
Launch of GS Bank
Goldman Sachs launches GS Bank, offering online savings accounts and personal loans, marking its entry into consumer banking.
Apple Partnership
Goldman Sachs partners with Apple to launch the Apple Card, a credit card integrated with Apple Pay and iPhone features.
Sustainability Commitment
Goldman Sachs commits to $750 billion in financing, investing, and advisory activity to support climate transition and inclusive growth.
Connected Across The Archives
Explore specific connections to other archives—civilizations, conflicts, dynasties, and treaties that share history with this company.
Conflict Archive
(2)American Civil War
Goldman Sachs was founded amidst the American Civil War, a time of financial upheaval that influenced its strategic approach to banking and investment.
American Revolutionary War
The post-Revolutionary War economic restructuring laid the groundwork for American financial institutions, including Goldman Sachs, shaping their development in a nascent capitalist economy.
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