This is Exchange the Goldman Sachs where we discuss developments currently shaping markets, industries in the global economy.

I'm Jake Stewart, global head of corporate communications here at the firm.

Today I'm delighted to be joined by Susie Schur, co-head of the Global Financing Group,

in the Investment banking division.

We'll talk to Susie about how companies

are meeting their financing needs in this environment

and the broader sentiment for banking activity

in the latter half of the year.

We'll also talk about recruiting diverse talent as

Susie also serves as co-chair of the Firmwide Summer Diversity Champions Council.

Welcome to the program, Susie. Thanks Jake, happy to be here with you. So you help companies across all industries with their financing needs.

It's been a busy, busy year sitting here mid-summer.

What's the sentiment among clients in terms of the back half of the year and how has the outlook changed since March?

Well, Jake, it has been incredible. I mean, if you told me when I left the office on or about March 15th that sitting here in the first week of August we would have

had the biggest issuance years in a quarter in in investment grade, in equities, a reopening of the high yield market,

I would have told you that you were insane.

And what's happened and what's changed is that as we rapidly moved into a global pandemic,

so a global health crisis, a global economic crisis,

companies realized that they needed to raise capital quickly.

They needed to raise a lot of capital.

And this is really the beautiful part.

Governments around the world,

...