Goldman Sachs has traditionally possessed the Midas touch in the investment banking world. Despite the economic downturn in the US and decline in dealmaking, the firm remained the global leader for mergers and acquisitions in 2002. Goldman offers a broad range of investment banking and asset management services to corporate and government clients, as well as institutional and individual investors. The firm also provides market-making, merchant banking and clearing services. Goldman Sachs owns Spear, Leeds & Kellogg, one of the largest specialist firms on the NYSE.