JPMorgan Clawed Back More Than $100 Million Tied to CIO Loss
Stock Chart for JPMorgan Chase & Co (JPM)
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.
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