Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Lending / The Ticker

JPMorgan cuts CEO pay as profits soar

/ Print / Reprints /
| Share More
/ Text Size+

Even as profits surged, the board of JPMorgan Chase cut the pay of chief executive Jamie Dimon by 50 percent, in light of a multi-billion dollar trading loss last year.

By the overall numbers, it was a good year for JPMorgan. The bank reported a record profit of $5.7 billion for the fourth quarter, up 53 percent from 2011. Revenues, too, were strong, rising 10 percent to $23.7 billion for the period.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus