2013-01-16 — reuters.com
``Dimon's pay was slashed even though JPMorgan, the largest U.S. bank, said fourth-quarter net income jumped 53 percent, and earnings for 2012 set a record. The fourth-quarter results were helped by increased mortgage lending profits and a decline in the costs for bad loans.
The board said the bank's strong results were a key reason to give Dimon a bonus, but the London trading losses cut into his compensation.''
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