Here are the best financial stories for September 9

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Have a good working day.

It appears that a calculation is being made for those who have abused the federal government’s paycheck protection program.

Bloomberg reported on Tuesday that JPMorgan issued a company-wide memo acknowledging that some customers have abused their PPP loans and that “some employees have failed as well.”

The memo, which has also been seen as Business Insider, also said that the bank was cooperating “with law enforcement, where appropriate.”

In many ways, the memo could be a sign of more important things to come. Back in May, Reuters reported the US Department of Justice has subpoenaed the major banks over the potential misuse of PPP loans.

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Donald Trump Phone


SAUL LOEB / AFP via Getty Images


Election day is fast approaching and some of President Donald Trump’s biggest supporters in 2016 in the real estate industry have been notoriously calm.

Daniel Geiger and Alex Nicoll have all the details about how the key real estate executives who backed President Trump in the last election sought to distance themselves from this time around.

Click here to read the full story.


GettyImages-capital an arena

Capital One Arena in Washington, DC.

Photo by Mitchell Layton / Getty Images


Rosalie Chan has all the details on how Capital One turned to Amazon Web Services to overhaul its technology. Click here to read what exactly happened in the massive technological transformation of the bank.


Melio Matan Bar Ilan Atias Ziv Paz.

The founders of Melio, Ilan Atias (left), Matan Bar (center) and Ziv Paz.

Melio


We’ve already talked about the importance placed on startups that help businesses pay their bills and manage their finances. Amy Borrett wrote on Melio, a payments company that helps small businesses manage supplier payments and manage cash flow. Read about the startup’s $ 80 million Series C here.


Odd lots:

Meet the AI ​​recruiting firm looking to transform the way law firms hire out of law school by making the process less reliant on test scores and resumes (BI)

Wall Street is ditching automakers like Ford and GM in favor of untested electric car (BI) startups

Wirecard and I: Dan McCrum on Criminal Enterprise (FT) Whistleblowing

$ 3 billion Vanderbilt from SL Green in New York faces big challenges (WSJ)

JPMorgan doubles its presence in office investment banking (Bloomberg)





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