Hiya. We talked yesterday about JPMorgan acknowledging in a company-wide memo that some of its customers abused government programs meant for coronavirus relief. In the company-wide memo, it also noted "some employees have fallen short, too." The memo, which was first reported by Bloomberg, was odd in that it was extremely vague regarding what the actual wrongdoing was. It turns out, according to Bloomberg, JPMorgan's own employees were tapping funds meant for businesses hurt by the coronavirus. The entire story is worth a read, but this section stood out to me. The bank discovered the actions, all of which were tied to the Economic Injury Disaster Loan program, after noticing that suspicious amounts of money had been deposited into checking accounts owned by bank employees, said the person, who asked not to be identified because the information is private. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. And we're also hosting a live event for BI subscribers on how to land a consulting job, with leading recruiters from McKinsey, Bain, and PwC. Register here for the event, which will be on September 15th at 1 p.m. ET. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco. The first day back to work after Labor Day is usually tough. The holiday marks the unofficial end to summer, and means things at work typically kick into high gear. This year, however, was particularly hard for some folks as it meant a return to the office for the first time in six months. Reed Alexander has the full rundown on what the return-to-office plans are for some of the biggest firms on Wall Street. Click here to read the full story. How much do you get paid working at one of the hottest fintechs in the world? It depends. Julie Bort and Alex Nicoll have the rundown on what employees at Robinhood get paid. Click here for the full story. Palantir had its first investors day Wednesday, and it was very on-brand for a company that has long been viewed as secretive and quirky. The pitch included Alex Karp, Palantir's CEO, labeling the company "just different," which seems like an adequate explanation for convincing people to invest in your company. Becky Peterson, Meghan Morris, and Aaron Holmes have all the details here. |
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