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The sector can be “better kept in other people’s hands and we might be a minority owner”

The sector may be “better held in other people’s hands and we can be a minority owner” after global capital rules take effect, Harvey M. Schwartz, who is set to end up being chief financial officer this month, said now on a conference call after New York-based Goldman Sachs reported fourth-quarter results. It was the first time the bank disclosed the contribution of its Goldman Sachs Reinsurance Group.
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