Goldman Sachs Statement on Stress Capital Buffer Revision

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"Goldman Sachs Statement on Stress Capital Buffer Revision"

"NEW YORK, NY, September 4, 2020 — Today the firm made the following statement:\r\n“We have been notified by the Federal Reserve of an error in their calculation of our Stress Capital Buffer (SCB). Accordingly, our SCB has now been revised downward to 6.6%, with corresponding adjustment downward in our required CET1 ratio to 13.6%.” \r\n&nbsp;\r\nThe Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial 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.&nbsp;\r\n# # #\r\n \r\nMedia Contact: \r\nJake Siewert \r\nTel: +1 212 902 5400\r\nInvestor Contact: \r\nHeather Kennedy Miner \r\nTel: +1 212 902 0300\r\n"

NEW YORK, NY, September 4, 2020 — Today the firm made the following statement:
“We have been notified by the Federal Reserve of an error in their calculation of our Stress Capital Buffer (SCB). Accordingly, our SCB has now been revised downward to 6.6%, with corresponding adjustment downward in our required CET1 ratio to 13.6%.” 
&nbsp;
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial 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.&nbsp;
# # #
 
Media Contact: 
Jake Siewert 
Tel: +1 212 902 5400
Investor Contact: 
Heather Kennedy Miner 
Tel: +1 212 902 0300

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