www.motherjones.com/mojo/2014/01/jpmorgan-jamie-dimon-raise-regulators
"JPMorgan, in many ways, had a miserable 2013. JPMorgan paid $1 billion in fines in the wake of the "London Whale" scandal, in which the bank lost $6 billion on a market-rattling blunder by a trader named Bruno Iksil. The bank also paid $13 billion to settle charges that it'd peddled risky mortgage-backed securities. And it forked over another $2 billion to settle charges for failing to spot Bernie Madoff's ponzi scheme, which Madoff perpetrated largely using JPMorgan accounts. All told, the bank paid out roughly $20 billion in penalties to federal regulators over a slew of screw-ups and failures.
2013 was a rough year for JPMorgan. So why is Dimon getting a raise? The answer, in part, will make your blood boil."
