Goldman Sachs Statement on Stress Capital Buffer Reconsideration

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"Goldman Sachs Statement on Stress Capital Buffer Reconsideration"

"NEW YORK, NY, Aug 28, 2024 - The Federal Reserve has adjusted down the Goldman Sachs stress capital buffer requirement to 6.2%, resulting in a Standardized Common Equity Tier 1 (“CET1”) ratio of 13.7% effective on October 1, 2024.\r\nStatement from Denis Coleman, Goldman Sachs Chief Financial Officer: “We appreciate the Federal Reserve’s willingness to reconsider this matter. We will continue to engage with our regulator to better understand their determinations and to advocate for a more transparent process.”\r\n&nbsp;\r\n###\r\nGoldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.\r\nMedia Contact: \r\n Tony Fratto \r\n Tel:&nbsp;+1 212 902 5400\r\n"

NEW YORK, NY, Aug 28, 2024 - The Federal Reserve has adjusted down the Goldman Sachs stress capital buffer requirement to 6.2%, resulting in a Standardized Common Equity Tier 1 (“CET1”) ratio of 13.7% effective on October 1, 2024.
Statement from Denis Coleman, Goldman Sachs Chief Financial Officer: “We appreciate the Federal Reserve’s willingness to reconsider this matter. We will continue to engage with our regulator to better understand their determinations and to advocate for a more transparent process.”
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Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Media Contact: 
 Tony Fratto 
 Tel:&nbsp;+1 212 902 5400

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