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Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks |
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The return of Bill Winters to the financial markets was something of a damp squib, at least to those who had come to view him as the once and future king of investment banking.
The former co-chief executive of JPMorgan’s investment bank is setting up an asset management and advisory boutique called Renshaw Bay, rather than taking on a turnaround job at a troubled bank such as RBS or UBS.
Winters should be able to make a decent return by picking through assets that are for sale as the industry restructures. But he will struggle to generate meaningful income from the derivatives-based...
