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(AP Photo/Mark Lennihan, File)

NEW YORK (AP) — JPMorgan Chase’s Chief Executive Jamie Dimon will get his pay cut by half because of a trading loss that cost the bank more than $6 billion last year and drew sanctions from federal regulators.

The bank, the country’s biggest by assets, said it would cut Dimon’s pay to $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million. That’s less than half last year’s pay of $23 million, which made him the highest-paid chief executive of any of the country’s mega-banks.

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