JPM paid top UK staff average £2m in 2012

J.P.Morgan Chase & Co has revealed it paid more than 100 of its top staff in the UK an average of £2m each in 2012.

The US banking giant said it had 126 London-based staff who received £41m in "fixed remuneration", such as salaries, and another £222m in "variable remuneration", such as bonuses. The pay awards were down on the previous year: J.P.Morgan Chase & Co paid an average £2.2m to executive staff in 2011. It filed its pay awards just head of its end-of-2013 deadline to do so. Banks are required to provide the information about their operations in the UK to comply with an EU rule introduced after the 2008 banking crisis. The bank's pay details come as it reported net income of $21bn for 201...