Goldman Sachs Group, a U.S. multinational investment firm and financial services company based in New York City. It provides services in investment management, securities, asset management, major brokerage and securities underwriting. The Bank also provides investment banking services to institutional investors. Bank is one of the largest investment banking institutions in the world by revenue, a major trader in the U.S. Treasury security market and generally, a prominent market maker. The group is also owned by Goldman Sachs USA, a direct bank. Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in Lower Manhattan with additional offices in other international financial centers. As a result of its involvement in securitization during the secondary mortgage crisis, Goldman Sachs suffered during the 2007-2008 financial crisis and received a $10 billion investment from the U.S. Treasury Department as part of the DistressEd Asset Relief Program, a financial rescue created under the Emergency Economic Stability Act of 2008. The investment was made in November 2008 and was repaid in June 2009.Many former Goldman Sachs employees moved to government positions. Notable examples include former U.S. Treasury Secretaries Stephen Mnuchin, Robert Rubin and Henry Paulson; former Treasury Department secretaries Stephen Mnuchin, Robert Rubin and Henry Paulson; former Treasury Department secretaries Stephen Mnuchin, Robert Rubin and Henry Paulson; former Cabinet ministers At the U.S. Treasury Department, Steven Mnuchin, Robert, former Under Secretary of State John S. Whitehead; former Chief Economic Adviser Gary Cohn; New Jersey Governor Murphy and former Governor of New Jersey John Corzine; former Italian Prime Minister Mario Monti; former ECB President Mario Draghi; former Bank of Canada and Bank of England Governor Mark Carney; British Chancellor of the Exchequer Rishi Sonak; former Australian Prime Minister Malcolm Turnbull. In addition, former Goldman employees headed the New York Stock Exchange, the World Bank, and rival banks such as Citigroup and Merrill Lynch.