Wall Street's back to the office
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.
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Back to the office for big banks
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.
Robinhood salaries revealed: From $322,000 a year to $18 an hour, this is how much the fintech unicorn pays its employees
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 CEO Alex Karp's first pitch to public investors: 'Don't invest in Palantir'
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.
SoftBank Unveils Headquarter Just as COVID-19 Forces Office Decamp (NYT)