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Goldman Sachs is an investment bank founded in 1869 with headquarters World is located in the Financial District of Manhattan , in New York . Goldman Sachs has offices in major financial centers including New York , London , Tokyo and Paris .

Goldman Sachs offers business consulting in mergers & acquisitions , corporate finance and capital investments and trade in goods. The financial institution became known to the public for its production of financial derivatives during the subprime crisis and the Greek debt crisis , which contributed to the financial crisis of 2007-2011 .

José Manuel Barroso, the center of a controversy over his hiring by Goldman Sachs maintained close contacts during his tenure at the head of the European Commission (2004 to 2014) with the US bank, according to records revealed Saturday by the newspaper Portuguese Publico.

a letter of September 30, 2013 signed by the head of Goldman Sachs, Lloyd Blankfein, thus states a discreet visit of Mr. Barroso to the bank's headquarters in New York, the newspaper said, appeared neither Ason agenda Official or in the archives of the Commission.

the newspaper quoted a letter including a lobbyist from Goldman Sachs making proposals on legislation on financial markets and a response to a member of Mr Barroso's office who promised to read "with great interest".

In any visits to Brussels, Barroso will now be received himself as a lobbyist and lambda "not as former president" has already warned his successor Jean-Claude Juncker.

the recruitment of Mr Barroso by Goldman Sachs has raised a wave of indignation in Europe and particularly in France, where President Francois Hollande called it "morally unacceptable".

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