JP Morgan boss Jamie Dimon pay rises to $20m

The chairman and chief executive of JP Morgan, Jamie Dimon, will be paid $20m (£12.1m) for the past year's work. Mr Dimon's pay was cut to $11.5m in 2012 following huge trading losses. This was half the $23m he received in 2011. JP Morgan's profits fell 16% last year, after costs resulting from legal issues dented the bank's figures. For 2013, Mr Dimon was paid $1.5m as a basic salary, and an additional $18.5m in shares, the company said. Over the past year, JP Morgan has paid around $20bn to regulators for various violations relating to the US financial crisis, according to BBC.