Global Banking Institutions and Issues
Group Assignment
Letter of Transmittal
Dr Piyadasa Edirisuriya
Department of Accounting and Finance Caulfield campus, Monash University 900 Dandenong Road Caulfield East VIC 3145
Re: Major Report for Goldman Sachs Group, Inc.
Dr Piyadasa Edirisuriya,
According to the assignment requirement, we hereby submit this report for Goldman Sachs Group, Inc. Based on the report, we went deep into Goldman Sachs’s history, products and services, talked about the financial and physical strength, and analysed the performance of the bank within last a few years as well as the future expectation of the bank. Finally we identified the influence of the sub-prime crisis to this bank and its …show more content…
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4.
4.1 4.2
Impact of the global financial crisis (GFC) and Goldman Sachs’ responses23
Impact of GFC due to sub-prime issue on Goldman Sachs ...................................... 23 Responses from Goldman Sachs to GFC ................................................................. 25
5.
Conclusion ...............................................................................................................27
Reference..........................................................................................................................28 Appendix ..........................................................................................................................30
Word Count: 4308
Page 3
List of Figure
Figure 1 Global allocation of Goldman Sachs............................................................ 13
Figure 2 Major subsidiaries of Goldman Sachs Group............................................... 13
Figure 3 Revenue & net earnings of Goldman Sachs……………………………….. 14
Figure 4 Return on equity…………………………………………………………… 15
Figure 5 Return on assets…………………………………………………………… 16
Figure 6 Net interest margin………………………………………………………… 17
Figure 7 Dividend payout ratios…………………………………………………….. 18
Figure 8 Cost to income ratio……………………………………………………….. 18
Figure 9 EPS………………………………………………………………………... 19
Figure 10 Profit margin……………………………………………………………... 20
Figure 11 Financial sector