Job cuts return at Bank of America - Working for Cathie Wood

wall street trader sad — A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City.
Spencer Platt/Getty Images

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

After a one-year reprieve, job cuts at Bank of America are starting up again.
Two Ark Invest analysts share what it’s like to work with Cathie Wood.
Everything you need to know about Coinbase’s upcoming IPO.

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Coinbase just filed to go public with a direct listing, and these are the 5 key takeaways from its S-1

brian armstrong coinbase — Coinbase CEO Brian Armstrong sits for a portrait in their San Francisco headquarters.
Christie Hemm Klok/Getty Images

From risks related to the mysterious Satoshi Nakamoto, to huge user numbers, here's everything you need to know about Coinbase's upcoming IPO based on the crypto exchange's recent filing. Read more here.

Bank of America is firing people in its investment bank again, after pausing annual staff culling during the pandemic

Brian Moynihan, the chief executive of Bank of America.
Joshua Roberts/Reuters

Jobs cuts are back at Bank of America. After a one-year reprieve, the annual staff culling within BofA's Global Banking and Markets division is back on.

Click here to read the full story.

Famed investor Cathie Wood has staffed her firm with analysts in their 20s and 30s as she looks to predict the future. 2 analysts break down what it's like to work at Ark Invest.

Two Ark Invest analysts share how Cathie Wood operates. Read more here.

Visa's head of crypto explains why the $120 trillion market for B2B payments is ripe for disruption from digital currencies

Cuy Sheffield, head of crypto at Visa
Visa

Visa's head of crypto offered some insight into where the payments giant believes there are the biggest opportunities. Read more here.

PointState deputy CIO Zachary Kurz is launching his own fund with $500 million. Here's what we know about Pinnbrook Capital.

Brazil rocket space ship Alcântara Launch Center — Sounding Vehicle Booster-30 Rocket (VSB-30) is launched at the Alcantara Launch Center in the city of Alcantara in Maranhao state, July 19, 2007.
REUTERS/Lucas Ruiz

PointState deputy CIO Zach Kurz is starting his own fund, Pinnbrook Capital, with $500 million. See more here.

Apollo exec Marc Rowan says he expects up to $20 billion from investors this year as the firm makes a raft of changes post-Jeffrey Epstein investigation

Apollo's incoming CEO says investors haven't fled despite its founder's ties to Jeffrey Epstein. Get the full rundown here.

Odd lots:

Silicon Valley scooter startup Lime has tapped Evercore bankers and is exploring a potential SPAC deal (BI)

Coinbase just filed for a direct listing and it revealed a list of risk factors that investors should be aware of - from the volatile nature of cryptocurrency to the potential for cyber attacks (BI)

WeWork's Adam Neumann to Get Extra $50 Million Payout in SoftBank Settlement (WSJ)

'I think he's a rat and a liar': Watch Dave Portnoy and Vlad Tenev's heated Robinhood debate (BI)

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