Insider finance: Steve Cohen s web of hedge funds ddefrancesco@businessinsider.com (Dan DeFrancesco,Jordan Parker Erb) © Trevor Jones Bitcoin Bull by Trevor Jones. Trevor Jones
Good morning and welcome to Insider Finance. I m Dan DeFrancesco, and here s what s on the agenda today:
Our rising stars of equity research share their best advice for how to launch a career in the industry.
Bank of America tech executive Cathy Bessant details why 5G and 3D printing are two tech trends that are crucial to the bank s future. © Point72; Shayanne Gal/Insider Point72; Shayanne Gal/Insider
An Insider review found more than 80 hedge funds connected to Point72 founder Steve Cohen. Big names include current and former managers like Gabe Plotkin, Jason Karp, and Neil Chriss.
Bank of America s Cathy Bessant, other execs on what s next for tech in financial services
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5G, not digital currency: What BofA tech chief Bessant is bullish on
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But not everyone is as sold on where the tech can be used in finance.
Speaking at a Bank of America virtual roundtable on Monday on the future of digital banking , Cathy Bessant, Bank of America s chief operations and technology officer, shared her thoughts on the potential for DLT.
When asked by a moderator what cutting-edge tech she is excited about, Bessant s first response was to say what isn t as intriguing to her.
Bessant said that while DLT, which underpins digital currencies and exchanges, is a new and exciting technology, the bank has yet to find a solid use case for it in financial services.
WFAE
Homeless residents camped near Roof Above last year. Local leaders hope to develop a comprehensive strategy by this fall to eradicate homelessness within five years.
Last week, Charlotte leaders announced an effort to wipe out homelessness and expand affordable housing within five years. It s not the first time Charlotte has tried this, but some think this has a better chance at succeeding.
Last week s announcement was not a plan, but a renewed acknowledgement of the problem and a commitment to draft a plan and identify funding within six months. It s the latest of many initiatives like Out of the Shadows in 2000, More than Shelter in 2006, Housing First in 2015, and the county s Launch Upstream two years ago.