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Wall Street's back to the office

Sep 10, 2020, 17:23 IST
Business Insider
Michael Buckner/Getty Images

Hiya.

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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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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.

Back to the office for big banks

An operator wearing a protective face mask works in a call centre for contact tracing, May 8, 2020 in Brussels, Belgium.Laurie Dieffembacq/Belga/AFP via Getty Images

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.

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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

Disney

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.

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Palantir CEO Alex Karp's first pitch to public investors: 'Don't invest in Palantir'

Palantir CEO Alex KarpPhoto by Julien Mattia/NurPhoto via Getty Images

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.

Odd lots:

JPMorgan tech salaries revealed: Here's what developers and engineers get paid at Wall Street's biggest bank (BI)

Amazon just leased a new space in Brooklyn to house recording studios for its music-streaming service, as Big Tech keeps gobbling up space while the office market flounders (BI)

Young Living Essential Oils CEO Mary Young downplays the pandemic after her own employee died from COVID-19, 2 employees say (BI)

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A former PwC partner who sued the firm for $15 million just had a major setback in his case, pushing the pay spat behind closed doors (BI)

'Lean Startup' guru Eric Ries just launched a new stock exchange that values companies based on principles like employee wellbeing, diversity, and inclusion. Take a look at how it works. (BI)

SoftBank Unveils Headquarter Just as COVID-19 Forces Office Decamp (NYT)

A new twist on direct listings could trigger more big lawsuits against buzzy startups over valuations, lawyers say (BI)

Accenture is cutting more low performers across the 500,000-plus person firm as fewer employees are jumping ship on their own (BI)

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Inside the surreal life of a young couple who won a viral contest to live for free on a remote Irish island without electricity or hot water (Insider)

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