Tag: London Whale

JPMorgan slashes CEO Dimon’s bonus on “Whale” trade

JPMorgan Chase & Co’s (JPM) board of directors cut Chief Executive Jamie Dimon’s annual bonus in half, citing the company’s $6.2 billion “London Whale” trading loss, the company said on Wednesday. Dimon’s pay was slashed even though JPMorgan, the largest U.S. bank, said fourth-quarter net income jumped 53 percent, and […]