Reverberations from JPMorgan Chase’s multibillion-dollar trading loss deepened in Washington on Tuesday, with the Democratic leader of the Senate blasting the nation’s largest bank for “gambling” and congressional Republicans putting the brakes on a plan to soften Wall Street reforms. Both Republicans and Democrats are still trying to understand the political implications of the trading debacle at one of Wall Street’s highest-profile banks as they gauge how it will play in the election-year debate. Read CNBC report here.
