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Jamie Dimon got a 53.5% pay cut for 2012 after presiding over the London Whale's losses, but he will still bring home a $1.5 million salary and a $10 million deferred bonus.
January 16 -
Revenue expanded at most business units of JPMorgan Chase, but it still has to overcome the same economic problems as other banks and those of its own doing tied to trading and other missteps.
January 16 -
JPMorgan Chase & Co. said fourth-quarter profit rose 53%, beating analysts' estimates as record low interest rates fueled mortgage lending.
January 16
JPMorgan Chase (JPM) is taking another step to put last year's "London Whale" saga behind it.
JPMorgan Chase has settled a lawsuit against Javier Martin-Artajo, who supervised a trader in the New York company's London-based investment office whose trades last year cost the company $6.2 billion, Reuters
Terms of the settlement were disclosed. Greg Campbell, a lawyer for Martin-Artajo, declined to comment.
JPMorgan Chase sued Martin-Artajo in a U.K. court in October as part of a series of steps to claw back compensation from managers in the office that placed bets that led to the loss. The company said last summer that all managers who were responsible for overseeing the trades had left the firm.
News of the settlement follows JPMorgan Chase's release Wednesday of
The findings also prompted the company's board to cut chief executive
