J.P. Morgan chief James Dimon's compensation for 2012 was set at $11.5 million, down from $23.1 million the year before, the Wall Street Journal and Bloomberg News report. The company released a pair of reports that found Dimon bore "ultimate responsibility" for the "London whale" trading debacle that cost the nation's largest bank at least $6.2 billion in losses.

For reprint and licensing requests for this article, CLICK HERE.