2009-09-10reuters.com

The head of U.S. bank Goldman Sachs said on Wednesday that anger over bankers' pay was "understandable and appropriate," and that greater scrutiny of trade in complex instruments was needed to keep banks in check.

But with the banking sector bouncing back from the financial crisis, regulatory overkill could choke off economic growth, Lloyd Blankfein told an industry conference in Germany's financial hub.



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