G GS
Back to Discover Company · English

Goldman Sachs

Goldman Sachs is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Creation Time:2024-05-19 16 key nodes English

The Timeline

1869 — 2023

  1. 1869

    Founding of Goldman Sachs

    Goldman Sachs was founded in New York City by Marcus Goldman, a German immigrant. The firm started as a commercial paper business, facilitating transactions between merchants and their suppliers.
  2. 1882

    Samuel Sachs Joins the Firm

    Samuel Sachs, Marcus Goldman's son-in-law, joined the business, leading to the firm's name change to M. Goldman and Sachs.
  3. 1896

    Goldman Sachs Joins the New York Stock Exchange

    Goldman Sachs became a member of the New York Stock Exchange, marking a significant milestone in its development as a major financial institution.
  4. 1906

    First Major IPO

    Goldman Sachs managed its first major IPO, underwriting securities for United Cigar Manufacturers, which marked the firm's entry into the field of initial public offerings.
  5. 1929

    The Stock Market Crash

    Goldman Sachs was significantly affected by the stock market crash of 1929, which led to the Great Depression. The firm faced substantial financial challenges during this period.
  6. 1956

    Ford Motor Company IPO

    Goldman Sachs co-managed the IPO of Ford Motor Company, one of the largest public offerings at the time, further solidifying its reputation in the investment banking sector.
  7. 1981

    Formation of Goldman Sachs Asset Management

    Goldman Sachs established its asset management division, Goldman Sachs Asset Management (GSAM), expanding its services to include investment management.
  8. 1994

    Goldman Sachs Becomes a Bank Holding Company

    In response to changes in the financial industry, Goldman Sachs became a bank holding company, which allowed it to expand its range of financial services.
  9. 1999

    Goldman Sachs Goes Public

    Goldman Sachs transitioned from a private partnership to a publicly traded company, conducting its initial public offering (IPO) and listing on the New York Stock Exchange.
  10. 2008

    Financial Crisis and Bank Holding Company Status

    During the global financial crisis, Goldman Sachs received a capital injection from Warren Buffett’s Berkshire Hathaway and converted into a bank holding company to gain access to Federal Reserve funding.
  11. 2013

    Acquisition of Metro International Trade Services

    Goldman Sachs acquired Metro International Trade Services, a metals warehousing business, expanding its commodities trading and storage capabilities.
  12. 2015

    Launch of Marcus by Goldman Sachs

    Goldman Sachs launched Marcus, an online consumer lending platform, marking its entry into the retail banking sector.
  13. 2016

    Acquisition of GE Capital Bank Deposits

    Goldman Sachs acquired the online deposit platform of GE Capital Bank, significantly increasing its consumer deposits and expanding its retail banking services.
  14. 2020

    Goldman Sachs 10,000 Small Businesses Program

    Goldman Sachs expanded its 10,000 Small Businesses program to help small businesses navigate the challenges posed by the COVID-19 pandemic, providing education and support to entrepreneurs.
  15. 2021

    Sustainable Finance Commitment

    Goldman Sachs announced a commitment to deploy $750 billion in sustainable finance by 2030, focusing on climate transition and inclusive growth strategies.
  16. 2023

    Acquisition of GreenSky

    Goldman Sachs completed the acquisition of GreenSky, a leading fintech platform for home improvement consumer loans, enhancing its capabilities in consumer finance.

Regeneration always requests fresh AI content and uses 1 query.

Download History Timeline

Related reading

Real Madrid History Timeline and Biographies organization · English 11 nodes

Real Madrid

Real Madrid is one of the most successful football clubs in history, known for its rich legacy and numerous titles.

11 nodes English
M MY
Other · English 13 nodes

Medicina y Biotecnología evolu

Medicina y Biotecnología evolu represents an innovative intersection of medical science and biotechnology, focusing on enhancing healthcare through advanced technologies and methodologies. The evolution of this field has profound implications for disease treatment, diagnostics, and the development of new therapies. The timeline of Medicina y Biotecnología evolu highlights critical milestones in research, commercialization, and regulatory advancements, demonstrating the rapid progress made in this dynamic sector over the years. As the industry continues to grow, it promises even greater contributions to human health and scientific understanding.

13 nodes English
A AA
organization · English 13 nodes

AAWSAP

The Advanced Aerospace Weapon System Applications Program (AAWSAP) is a U.S. government initiative aimed at investigating and understanding advanced aerospace technologies and unidentified aerial phenomena. Established in the late 2000s, AAWSAP seeks to explore potential threats posed by these phenomena and contribute to national security by leveraging scientific research and technology. The program has garnered significant attention due to its focus on unexplained aerial sightings and its implications for defense strategies.

13 nodes English