The firm’s strategic focus on mid-market transactions gave it a critical advantage in a banner year for M&A.

Goldman Sachs’s investment bank division excelled during the awards period thanks to a targeted focus on growth sectors such as healthcare, technology and financial sponsor business. This paid off handsomely on its home turf, where the bank dominated the Americas M&A league tables during the awards period, working on 582 deals with a total value of $1.6 trillion for a 30.72% market share. This is slightly ahead of the same period last year where it took 29.52% market share from 408 deals worth $1.15 trillion together.

Investments in new industry sub-sectors have given Goldman Sachs’ financial institutions franchise a new growth engine.

Aggregate investment banking and markets revenues fell 12% at the big five US investment banks in the first quarter of 2022. Their chief executives were confident that dealflow will return, but were also united in their uncertainty over how central bank responses to inflation will play out in markets.

Higher yields and better protections compared with public bonds draw buyers to private placements even as investors cut duration and credit spreads widen.

Energy price volatility driven by war in Ukraine could deliver a windfall to banks such as Goldman Sachs that retain scale in commodity trading. Profits from dealing can also be made without triggering ESG or sanctions-related pain.

Wage inflation leads to substantial cost increases at major Wall Street banks.

Wall Street firms such as Goldman Sachs, JPMorgan and Morgan Stanley are muscling in on the booming market for private share trading – and potentially disrupting existing technology platforms.

Asset managers are following the well-trodden route of bankers in shifting from finance to politics.

After setting ambitious targets in its 2020 investor day, Goldman Sachs has been making good on its promises across all areas of the firm.

In a period of unprecedented volatility and disruption, Goldman Sachs has led the field in innovative financing solutions for clients.

A firm famous for its elite connections, aggressive corporate culture and extreme working hours might not seem an obvious candidate for this award, but it is the right one.

Diversification and a more relationship-focused approach to clients helped Goldman Sachs grow its markets business more than any of its big rivals over the awards period.

Euromoney’s inaugural award for innovation goes to a groundbreaking issue of digital native tokens on a public blockchain in a syndicated bond deal that drew interest from 100 investors. While institutional money flows into crypto and DeFi, leading banks and issuers are now also keen to transform traditional markets with digital assets and digital cash.

Kevin Sneader’s next move has been widely discussed since it became clear he would serve only one term as global managing partner at McKinsey. Now that he has turned up at Goldman, it seems a logical move.

The corridors of power echo with the voices of the bank’s alumni.

The big six US banks are releasing the loan loss reserves they built up in the pandemic. Where might this end? The answer could be surprising.

For the first time since 2014, the award for Asia’s best investment bank goes to Goldman Sachs.

In comedy, timing is everything. And so, it seems, in internal communications.

Black-owned broker-dealers have largely been excluded from the mainstream of corporate debt and equity capital raising. The bulge-bracket banks are now working to correct this, inviting firms owned and staffed by racial minorities, women and veterans to lead their own deals and showcase their capabilities to corporate clients.

When the panic of March 2020 hit, did corporate debt fare better than Treasuries?

Goldman’s chief executive David Solomon isn’t impressed by Spac deals from Credit Suisse and Citigroup.

Gary Gensler could start his tenure running the Securities and Exchange Commission with a dramatic flourish by taking steps to burst the bubble in special purpose acquisition companies.

The US firm is changing in subtle ways that are proving to be productive.

Goldman Sachs has been waiting 16 years for the right to run a wholly owned business in China. It is now a big step closer to realizing the dream.

The digital dividend dominated the cash management market in 2020. Corporates responded well to those banks that digitalized the services they needed to stay afloat in the choppy waters of a global pandemic.

Goldman Sachs should surely take its drone warfare to the next level.

Euromoney’s futurologist Mystic Maca gets on a Zoom call with next year, when markets return to a version of normality.

The firm is pushing the idea that velocity management can drive sustainable growth for its global markets business. But will investors view this as an updated version of proprietary trading?

Eight years after Goldman Sachs first arranged a bond for 1MDB, it has finally concluded its settlements worldwide. Overall, it is more than $5 billion poorer for the experience, with an unquantifiable hit to its reputation. Here are the details.