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In 1999 Goldman acquired Hull Trading Company, one of the world's premier market-making firms.
On September 21, 2008, Goldman Sachs received Federal Reserve approval to transition from an investment bank to a bank holding company.
On September 22, 2008, the last two major investment banks in the United States, Morgan Stanley and Goldman Sachs, both confirmed that they would become traditional bank holding companies, bringing an end to the era of investment banking on Wall Street.
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