For example, we will monitor the development of online banking, which may represent a future investment area for this group.

The decline in the volumes of traditional banks' activities in asset management may also represent an opportunity for Goldman Sachs, which is tending to increase its own activities in this segment. It can thus gain market share thanks to this leverage.

Of course, Goldman Sachs' strategy will also be monitored with regard to its investments in emerging markets, which are currently very popular in the financial world.

Of course, account will also have to be taken of the new banking regulatory measures that could lead to a need for a capital increase for the group.

The image of the group is also important and it is still common for Goldman Sachs to be cited in cases and disputes. However, these events represent bad publicity for the group and can lead to the loss of clients.

Finally, we will of course also monitor the health of the financial markets in general, since, in times of financial or stock market crisis, companies in this sector can suffer significant losses.

Credit Suisse

This Zurich-based banking group focuses on individual customers, small and medium-sized enterprises and government agencies. Its shares are listed on the Swiss market as well as on the New York market and the company currently employs more than 47,000 people worldwide.

Deutsche Bank 

This group is currently the largest banking group in Germany and the eighth largest European bank by capitalization. It is a universal bank with subsidiaries in more than 75 countries.

ING Group

This Dutch financial institution is an international bancassurance institution which was created in 1991 from the merger between the insurance company Nationale Nederlanden and the network bank NMB Postbank.

Morgan Stanley

This American bank also operates in 42 different countries and benefits from a network of more than 1,300 offices and 60,000 employees. Morgan Stanley currently manages more than $2 trillion in assets for its clients and has 600 branches in the United States, making it one of the world's largest players in wealth management.

Citigroup

Finally, the financial company Citigroup is also based in the United States. It results from the merger in 1998 of Citicorp and Travelers Group.

Amundi

Goldman Sachs' subsidiary Goldman Sachs Fund Solutions signed a strategic partnership with Amundi Services in 2018 in the quantitative and alternative management sector. More specifically, Amundi Services has been chosen to manage, control and supervise investment vehicles governed by Luxembourg law based on the systematic strategies of Goldman Sachs. The French group will also provide a management service as well as analysis and monitoring of the external managers present on the UCITS platform for alternative funds. The financial management of the systematic funds is also delegated to a team of Amundi Group structural products.

Amazon 

Another important partnership was signed more recently, in June 2020, with online retail giant Amazon. Thanks to this partnership, Goldman Sachs offers a new credit offer for the general public. Let us recall that the group had already collaborated in this sense with Apple for the launch of its bank card in the United States. With this new partnership with Amazon, Goldman Sachs intends to expand its presence in this segment. More specifically, this contract enables Goldman Sachs to offer loan offers to the millions of independent American sellers who use the Amazon platform to sell their stocks. These loans will thus complement the loan offers already offered by Amazon and made available to sellers through a service in partnership with Bank Of America.