US Financial Crisis: Goldman Sachs in the New Terrain
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Code : ECC0025
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Region : Global |
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Abstract: For most part of the 21st century, Goldman Sachs epitomised the spirit of investment banking and rained wealth for the investors. As the financial crisis unfolded, however, the financial derivatives on its balance sheet – dubbed as 'weapons of financial mass destruction' by Warren Buffet – rewrote the fate of the company. The case deals with the benefits of organisational culture and growth strategies of Goldman Sachs. The company's pioneering stand in 'White Knight' strategy is a classic example of its business strategies. It successfully averted subprime exposure while most of its rivals collapsed due to the financial turmoil. To avoid the fate of others, it converted its status into a stable commercial bank with long-term business goals. The case study attempts to examine the organisational culture and business strategies adopted by the company with a long-term business strategy. |
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Pedagogical Objectives:
Keywords :Financial Crisis, Subprime Mortgage, Goldman Sachs, Derivatives, Financial Innovation, CDO, MBSs, Investment Banks, Financial Derivatives, Bailout, Risk Management, GSAMP, Organisational culture, Business strategy
Contents :
» Birth of Goldman Sachs
» Goldman Sachs in the New Millennium
» Is Goldman Sachs out of danger?
