Goldman to Curb Buybacks After Stress Test Requires More Capital.

Goldman Sachs Group Inc. has announced plans to reduce its stock repurchases after the Federal Reserve's stress test required the bank to set aside more capital. The bank expressed disagreement with the results and stated that it will engage with regulators to better understand their determinations. The stress-capital buffer increase for Goldman Sachs was primarily driven by lower fee income. The bank's regulatory minimum CET1 ratio has climbed to 13.9% from 13%. [Extracted from the article]