Wall St: Jefferies CEO's pay tops US bank rivals

Richard Handler, the head of the investment bank Jefferies, has raked in more in annual pay for 2012 than his opposite numbers at some of Wall Street's bigger and better-known firms.

Jefferies paid Mr Handler $19m (£12m) for the 2012 fiscal year, according to a regulatory filing. That puts him ahead of JP Morgan's Jamie Dimon, whose paycheck was cut to $11.5m owing to the "London Whale" trading loss.

The Wall Street Journal reported that Morgan Stanley's chief executive, James Gorman, was likely to receive less than the $10.5m he earned in 2011.