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Clear all filters- Goldman Sachs20 min
Consumer & Wealth Management - Goldman Sachs 2020 Investor Day
Goldman Sachs is executing a "Realign to Focus on Individuals" strategy to restructure its consumer and wealth management division, leveraging a technology-enabled platform to serve Ultra-High Net Worth, High Net Worth, and Mass Affluent segments across $2.3 trillion in client assets. The firm integrates its flagship Private Wealth Management unit with the former United Capital and Advisors' Capital Organization platforms to drive revenue from $5 billion toward long-term targets of $700 million in pre-tax income and $125 billion in deposits. This approach aims to capture significant global market share by expanding international advisor bases, increasing lending penetration, and deploying a fully digital mass affluent bank through the Marcus brand.
- Goldman Sachs16 min
Goldman Sachs at 150: Part 9 – Crisis (2008)
In June 2006, Lloyd Blankfein succeeded Hank Paulson as CEO of Goldman Sachs, guiding the firm through the unfolding U.S. housing bubble and the subsequent 2008 financial crisis. While the collapse triggered a cascade of market failures and froze global credit, Goldman Sachs mitigated significant financial losses despite admitting they spent the period "scrambling" to manage emerging risks. Following the turmoil, the bank faced intense reputational backlash for its resilience and government bailouts, prompting leadership to establish a Business Standards Committee, enhance transparency regarding derivatives, and commit to a more robust public dialogue about their societal influence.