Bloomberg News

JPMorgan Clawed Back More Than $100 Million Tied to CIO Loss

March 22, 2013

JPMorgan Clawed Back More Than $100 Million Tied to CIO Loss

Workers raise a JPMorgan Chase & Co. flag at company headquarters. Photographer: Victor J. Blue/Bloomberg

JPMorgan Chase & Co., the biggest U.S. bank, clawed back more than $100 million in compensation awards from company executives responsible for a $6.2 billion loss at the chief investment office in London.

JPMorgan “invoked comprehensive clawbacks of previously granted outstanding awards and/or repayment of previously vested awards subject to clawbacks for those with primary responsibility,” the New York-based bank said today in a regulatory filing.

To contact the reporter on this story: Steve Dickson in New York at sdickson1@bloomberg.net

To contact the editor responsible for this story: Steve Dickson at sdickson1@bloomberg.net


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