Business

JPMorgan Chase paid its CEO $18.7m in 2012

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NEW YORK — The chief executive of JPMorgan Chase, Jamie Dimon, received $18.7 million in compensation last year, according to regulatory papers the country’s largest bank filed Friday. That’s 19 percent less than in 2011, when his $23 million made him the country’s highest paid bank CEO.

The bank had already said it would dock Dimon’s pay, largely because of a $6 billion loss from a complex derivatives trade that went bad last year. Earlier this month, a Senate committee issued a scathing report on JPMorgan that spread the blame for the loss to the bank’s key executives, including Dimon.

Associated Press