Boss of trader known as Voldemort who 'lost $2bn' earns $14m a year and bank's shares tumble as credit agencies give it bleak outlook

The boss of the British-based trader thought to have cost one of the world's biggest banks $2billion in trading losses was herself paid $14million last year.

Ina Drew, 54, is considered one of the most powerful women on Wall Street and has been at the head of JP Morgan Chase's London-based Chief Investment Office since February 2005.

Regarded as a key lieutenant of chief executive Jamie Dimon, she was effectively in charge of Bruno Michel Iksil, the Frenchman nicknamed 'Voldemort' and 'the London Whale'.

She received a cash bonus of $4.7m, a share award of $7.1m, options worth $1.5 million and a base salary of $750,000, according to regulatory filings by the bank.

The bank's ‘black hole’ - equivalent to £1.2billion - was revealed during its second quarter amid fears Mr Iksil's trades could cost JP Morgan a further £750 million in the coming months.                   Read More