Mr. Dimon will receive his entire $17m bonus in delayed justice with a $1m salary in cash, whose bank made an $11.7bn profit in 2009. Last year he received his salary but no bonus.

His bonus is more than Morgan Stanley's James Gorman who got an $11m bonus but less than that awarded to Mr. Lloyd Blankfein, the head of Goldman Sachs.

Cash and stock bonuses valued at between $4m and $14m will be given to other members of JPMorgan's senior management team.

According to insiders about three-quarters of these awards will be paid in shares, with the rest in cash. JPMorgan's top executives have to keep most of their shares until they leave the company and are subjected to "claw back" provisions that could force them to return part of the bonus if they fail to perform their duties.

The bank would also introduce a non-binding shareholder vote on executive pay at this year's annual investor meeting.