Tuesday's elections wreaked havoc on the Senate Banking Committee and, possibly, the future of financial reform legislation.

After Sen. Alfonse M. D'Amato's stunning defeat, Sen. Phil Gramm is expected to become chairman of the Senate Banking Committee next year. The Texas Republican almost single-handedly stopped financial reform legislation last month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.