Ken Griffin goes to Washington — Meet ARK Invest's Cathie Wood — Most powerful people at Goldman Sachs

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

  • Inside the world of Cathie Wood, the founder of ARK Invest who has amassed legions of superfans.
  • Take a look inside Goldman Sachs’ power structure with our exclusive org chart.
  • Citadel’s Ken Griffin and Melvin Capital’s Gabe Plotkin are set to get grilled by Congress. Here’s what to expect. 

We are also looking for nominations for upcoming list of top equity research analysts under 35. Find out more about the list, and how to nominate someone here. 

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco. 

Citadel’s Ken Griffin and Melvin Capital’s Gabe Plotkin are about to get grilled by Congress over the GameStop frenzy. Here’s what to expect.

The GameStop trading frenzy takes center stage in Washington today. Here’s what to expect when two of the hedge fund industry’s biggest stars testify. Read more here.

Cathie Wood made a career betting on the future. Insiders reveal how the ARK Invest founder won the funds (and hearts) of memelord traders and boomer investors alike.

Take a peak inside the world of Cathie Wood, the founder of ARK Invest. Investors in both Wood’s business and funds, longtime colleagues, analysts at her firm, and fans share their thoughts on one of Wall Street’s hottest stars. 

Click here to read the entire story.

Goldman Sachs has been overhauling its power structure. Here’s our exclusive org chart mapping out the latest hierarchy of 125 top execs.

There have been plenty of changes within Goldman Sachs’ leadership ranks. We’ve mapped out the bank’s org chart. Read more here.

Wells Fargo wins Fed acceptance for overhaul plan tied to asset cap

Wells Fargo appears to be one step closer to getting its regulatory asset cap lifted. See more here.

A botched wire transfer resulted in ‘one of the biggest blunders in banking history.’ Here are 4 key takeaways from Citigroup’s $893 million mistake.

Here are four key takeaways from the 101-page court document ruling Citigroup would not be able to recoup its $501 million mistake. Read more here.

Star Morgan Stanley trader Shawn Joshi has left the bank for $2 billion credit hedge fund Compass Rose

A big people move over at Morgan Stanley. Get the rundown here. 

Odd lots:

Wells Fargo’s $8 Billion Question: How to Slash Costs Without Angering Regulators (WSJ)

JPMorgan promotes senior European dealmakers into new Spac team (Financial News)

At 93, She Waged War on JPMorgan—and Her Own Grandsons (Bloomberg)

Online-Trading Platform Will Let Investors Bet on Yes-or-No Questions (WSJ)

Junior banker describes “weird satisfaction” of long days at home (eFinancialCareers)

A data breach is exposing Big Law firms who were using a 20-year-old system for handling sensitive documents. Here’s what we know so far. (BI)

8 big investors like Investcorp and New Mountain Capital that are pouring billions into public relations firms (BI)

Learn more about the financial services industry.

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Get the latest Goldman Sachs stock price here.

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