Goldman Sachs exec: Smaller banks must prepare for stricter regulations -Handelsblatt

FRANKFURT (Reuters) – Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said some smaller banks will need more capital and the sector should brace for stricter regulation of regional banks.

“The smaller institutions in the U.S. in particular will have to prepare for stricter regulation,” he told Germany’s Handelsblatt in an interview published on Tuesday.

(Reporting by Tom Sims; Editing by Leslie Adler)