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What was the main strategy Blankfein used to establish Goldman Sachs as the second-largest investment bank in the U.S.?

  • Taking advantage of low interest rates

  • Acquiring smaller banks

  • Expanding into new markets

  • Focusing on technology

Answer

After the financial crisis of 2007-08 and the implementation of dovish monetary policies by the Federal Reserve, Lloyd Blankfein took advantage of low interest rates to undercut competition from other investment banks. This strategy helped establish Goldman Sachs as the second-largest investment bank in the U.S.
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