By Sridhar Natarajan Bloomberg

As Wall Street firms struggle to hold on to top talent, Goldman Sachs Group Inc. isn't just paying bigger bonuses to dissuade executives from leaving - it's turning the screws on those who do.

JPMorgan Chase & Co. found that some of its employees improperly applied for and received Covid-relief money that was intended for legitimate U.S. businesses hurt by the pandemic, according to a person with knowledge of the matter.

As Wall Street firms struggle to hold on to top talent, Goldman Sachs Group Inc. isn't just paying bigger bonuses to dissuade executives from leaving - it's turning the screws on those who do.

JPMorgan Chase & Co. found that some of its employees improperly applied for and received Covid-relief money that was intended for legitimate U.S. businesses hurt by the pandemic, according to a person with knowledge of the matter.