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 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.
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.
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.
No comments