Goldman Sachs plans to close its business in Russia, the first Wall Street bank. What is the cultural background of this bank?

Goldman Sachs plans to close its business in Russia, which is the first large bank on Wall Street to leave Russia due to conflict. Goldman Sachs is an international investment bank, established in 1869, and one of the oldest investment banks in the world. Headquartered in new york, the bank will comply with relevant regulatory and licensing requirements, which is the main reason why Goldman Sachs withdrew from Russia. The company's culture is honesty and trustworthiness, customer first and the pursuit of Excellence.

What is the cultural background of this bank?

Goldman Sachs Bank was founded by German immigrants in 1869, and it was also a commercial foundation formed during 1 World War II, which is not much different from commercial banks. In the initial stage, the company engaged in commercial paper trading. At that time, there was only one office worker and one bookkeeper, and the scale was relatively small. Slowly, the scale has grown bigger and bigger, and now it has become a famous investment bank. The cultural background of banks is closely related to the cultural foundation of foreign countries. Is a very honest and trustworthy enterprise in doing things and doing business, and its response is very fast. Some decisions made by Goldman Sachs are also closely related to the situation of the country, which is also an important reason for its current practice.

What impact will it have on Russia?

It is reported that this measure is only temporary, not permanent. And Russia is not the bank, there are other banks, such as Citibank, which is headquartered in new york. This banking center is still operating in Russia, but it is only a basic business. Russia has also reflected the sanctions of these big companies and will contact China UnionPay to transfer some of its business here. In fact, Russia is vast and sparsely populated, with particularly rich products and relatively few economic ties with foreign countries, which is also a major reason for Russia's self-confidence.

abstract

The current war is so cruel that once it is particularly involved, it will be sanctioned by some countries, making it impossible for the national economy to continue to operate.