Updated Monday, July 28, 2014 as of 4:31 PM ET

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JPMorgan Cuts Dimon Pay 50%, Says CEO Responsible for Lapses

Dawn Kopecki, Hugh Son and Zachary Tracer

The CEO’s compensation for 2012 is $11.5 million, the New York-based bank said today on its website, compared with $23 million a year earlier. The 2012 sum includes a $1.5 million salary and $10 million of incentive compensation.

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