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Dimon Tells Senate Clawbacks of Executive Pay Are 'Likely'

By Alan Zibel WASHINGTON--The chief executive of J.P. Morgan Chase & Co. (JPM) told U.S. Senate lawmakers Wednesday it's "likely" that the company's board will seek to recoup pay from executives faulted in the bank's multi-billion dollar trading loss. Asked about whether there would be "clawbacks" of such pay, CEO James Dimon said the company's board is still reviewing the matter. But he added that "You can expect we will take proper corrective action. And I would say it's likely, though this is subject to the board, but it's likely there will be clawbacks." Mr. Dimon added that the bank has the ability to seek return of compensation "even for things like bad judgment." The bank, he said, can demand the return unvested stock and cash bonues. "it's pretty extensive, the ability to clawback," Mr. Dimon said. Write to Alan Zibel at alan.zibel@dowjones.com

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
09/02/201517:30:21Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201517:28:09Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201517:09:30Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201517:07:44Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201517:04:44Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201517:03:24Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201517:02:05Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201516:59:23Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201516:58:07Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201516:57:14Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201516:53:19Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201516:15:52Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/02/201516:13:42Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201515:53:40Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201515:49:17Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201515:29:50Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201515:22:20Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201515:12:39Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201514:48:19Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/02/201513:50:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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