Bill Winters , the former co-chief executive officer of JPMorgan Chase & Co. ’s investment bank, started an asset management and advisory firm with funding from Jacob Rothschild ’s RIT Capital Partners Plc .
The Bank of England’s forecasting capabilities have deteriorated in the past five years, resulting in “large” errors, and officials should investigate the reasons for such shortcomings, an independent review said today.
James E. Staley, the JPMorgan Chase & Co. executive once seen as a candidate to become chief executive officer, quit to join BlueMountain Capital Management LLC, the $12 billion hedge fund that profited from the bank’s trading loss last year.
Early in “Money, Power and Wall Street,” a two-night, four-hour investigation by “Frontline” into the 2008 financial crisis, former JPMorgan Chase & Co.’s investment bank Co-Chief Executive Officer Bill Winters recalls a 1994 staff retreat in Boca Raton, Florida.
Bill Winters , the former co-chief executive officer of JPMorgan Chase & Co. ’s investment bank, is planning to launch an asset management and hedge fund venture in London backed by Jacob Rothschild’s RIT Capital and Johann Rupert’s Reinet fund, the Financial Times reported, citing a person familiar with the plan. The new venture, which may be announced today, will start up with tens of millions of pounds in capital and will begin as an advisory business, the newspaper said.
Bank of England Governor Mervyn King faced a revolt this year from policy makers he kept out of the loop on an emergency plan to spur U.K. economic growth, said two people with knowledge of the matter.