November 19, 2013 The Justice Department announces that JPMorgan Chase will pay $13 billion to settle U.S. claims over the sale of troubled mortgages. The deal includes a $4 billion payment for consumer relief. More than half of the record settlement amount will be tax-deductible, the banking giant says.
January 16, 2013 JPMorgan Chase says its profits were up 53 percent in 2012's fourth quarter — but CEO Jamie Dimon's salary will be cut in half, after the bank lost billions of dollars on risky bets placed by a single trader. Dimon's salary now stands at $11.5 million.