JPMorgan hits Washington's reset button 22 May 2012 | By Daniel Indiviglio JPMorgan’s whale is proving big enough to change the tide of regulatory reform in Washington. After nearly two years of haggling between lawmakers and the banking industry over details of the sprawling Dodd-Frank Act, a round of significant final alterations were finally ready to be implemented. But after U.S. senators ripped into regulators on Tuesday, it became evident that any clear rules look beached for now. The loss of at least $2 billion from JPMorgan’s chief investment office temporarily silenced some critics of financial regulation. Those arguing the bank could manage its own risks without the government’s firm hand, including Chief Executive Jamie Dimon himself, are all devouring crow. Lobbyists are rewriting playbooks ... Continue reading →