The head of JP Morgan saw his personal income rise 74 percent to $20m in 2013, despite the US bank paying $20bn in fines for its part in the 2008 recession. Jamie Dimon, the c hairman and chief executive of JP Morgan, earned a base salary of $1.5m and a further $18.5m in shares, the company said in a statement on Friday. His pay was reduced to $11.5m in 2012 after huge trading losses, but his biggest package to date is the $23m he received in 2011. JP Morgan, the largest US bank by assets, paid $20bn in legal and regulatory fines and settlements last year. This figure included $13bn to settle claims that it misled investors on billions of dollars of mortgage-backed securities, and about $1bn for poor oversight related to its huge "London whale" trading loss in 2012, when a trader lost the bank $6.2bn and tried to cover up his mistake.