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JPMorgan Gives Zames $9.1 Million in Stock After Trade Cleanup

JPMorgan Chase & Co. awarded co-Chief Operating Officer Matt Zames $9.1 million in restricted stock, more than anyone else on the firm’s operating committee, after he helped the bank unwind botched trades.

Zames, the 42-year-old former co-head of fixed-income trading, was promoted twice in 2012 as he helped Chief Executive Officer Jamie Dimon regain control of a U.K. unit’s wrong-way bets on credit derivatives that cost more than $6.2 billion in the first nine months of the year.