Banks' opposition to regulation was undermined by "London whale"

12/28/2012 | Wall Street Journal, The

Some banking insiders and industry experts attribute the sector's lack of success in fighting provisions of the Dodd-Frank Act to the "London whale." They say the trader's $6 billion trading loss for JPMorgan Chase focused regulators on closing loopholes and stopped efforts to amend the law.

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Wall Street Journal, The

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