Wall Street Roundup: Election night for Wall Street, Dimon disses reform

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Election night for Wall Street. A number of candidates associated with Wall Street lost their election bids Tuesday night, while Eric Schneiderman won a crucial primary to become Wall Street’s next sheriff.

PIMCO versus deflation. Bill Gross and PIMCO made a big bet that the U.S. economy will not enter a deflationary spiral as some have predicted.

Dimon shuns reform. JPMorgan Chase’s chief, Jamie Dimon, laid out his criticisms of recent financial reforms at a financial conference Tuesday and detailed why bank customers are likely to pay more for services.

Chinese credit default swaps. Two years after a financial crisis that many blamed on complex securities known as credit default swaps, the Chinese government decided to allow the first such swaps to be created there.

Call for new national bank. Felix Rohatyn, the investment banker credited with saving New York City in the 1970s, is out with a call for a new national bank for infrastructure.

-- Nathaniel Popper