JPMorgan Loss Factor in Rules Debate

Bank’s $2 bln loss intensifies calls for tighter regulation.

JPMorgan Chase & Co.’s $2 billion trading loss has intensified the call for tighter regulation in Washington, with presidential campaign officials weighing in alongside lawmakers in response to the bank’s disclosure.

Any progress by financial-industry lobbyists in securing changes to the Dodd-Frank Act’s proprietary-trading ban may have been halted with yesterday’s announcement by Jamie Dimon, JPMorgan’s chairman and chief executive officer, said Representative Barney Frank, the Massachusetts Democrat who co- wrote the regulatory overhaul.

‘More Clarity’

“As president, Governor Romney will push for common-sense regulation that gives regulators tools to do their jobs, and that gives investors more clarity,” Saul said in a statement.

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