Goldman Sachs Touts Diversified Business Model Amid Market Volatility
The Goldman Sachs Group, Inc., commonly referred to as GS, is a financial services provider that has been in operation since 1869. The company was founded by Marcus Goldman and is headquartered in New York, NY. GS engages in three primary business segments: Global Banking and Markets, Asset and Wealth Management, and Platform Solutions.
The Global Banking and Markets segment includes investment banking, global investments, and equity and debt investments. The Asset and Wealth Management segment relates to the direct-to-consumer banking business which includes lending, deposit-taking, and investing. The Platform Solutions segment includes consumer platforms such as partnerships offering credit cards and point-of-sale financing, and transaction banking.