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Wilbur Ross


  • DUBLIN, March 31- Canada's Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said, pushing the share price down 6 percent. Bank of Ireland shares were down 6 percent at 36.2 euro cents at 0725 GMT following the sale, which was managed by Deutsche Bank.

  • Jan 14- Shipper Navigator Holdings Ltd expects continued demand for petrochemical gases in the fourth quarter to make up for a fall in liquefied petroleum gas shipments caused by the slump in oil prices, a senior executive told Reuters. But the 60 percent drop in global crude prices since June has squeezed opportunities for traders to profit from moving LPG...

  • Bank of Cyprus turnaround promising: Wilbur Ross   Friday, 21 Nov 2014 | 7:40 AM ET
    Bank of Cyprus turnaround promising: Wilbur Ross

    Wilbur Ross, WL Ross & Company chairman & CEO, discusses a frightening moment at the Bank of Cyprus after the installation of Josef Ackermann as chairman in an effort to overhaul the bank's board.

  • Draghi 'jawboning' rather than putting money to work: Ross

    Wilbur Ross, WL Ross & Company chairman & CEO, shares his thoughts on EBC policy and Europe's economy. Also Ross discusses the sale of his stake in the Bank of Ireland.

  • China rate cut positive: Wilbur Ross   Friday, 21 Nov 2014 | 7:35 AM ET
    China rate cut positive: Wilbur Ross

    It's the first step toward quantitative easing, says Wilbur Ross, WL Ross & Company chairman & CEO, explaining why China's move to cut interest rates is a "good and useful" move. It augurs well for oil too, adds Ross.

  • Branson's Virgin Money aims to raise $243M in IPO Thursday, 2 Oct 2014 | 3:14 AM ET

    Virgin Money, the U.K. bank founded and part-owned by Richard Branson, said it plans to raise $243.3 million from listing in London.

  • 'The market for all art is hot'   Thursday, 10 Jul 2014 | 8:59 AM ET
    'The market for all art is hot'

    Billionaire investor and art collector Wilbur Ross tells CNBC that buying and selling art more often can be quite lucrative.

  • Greece is clearly turning: Ross   Thursday, 10 Jul 2014 | 8:35 AM ET
    Greece is clearly turning: Ross

    Wilbur Ross, WL Ross & Company chairman & CEO, shares his thoughts on the future of Greece and the European Union. And CNBC's Rick Santelli and Steve Liesman disagree on the solutions to Europe's economic woes.

  • Ross: Courage to buy BankUnited   Thursday, 10 Jul 2014 | 7:12 AM ET
    Ross: Courage to buy BankUnited

    Wilbur Ross, WL Ross & Company chairman & CEO, discusses his decision to buy the failed Florida thrift BankUnited. Also Ross explains why he couldn't "get his arms" around the deal to purchase Portuguese Bank of the Holy Spirit.

  • Fed could trigger next crisis: Stephen Roach Thursday, 26 Jun 2014 | 7:19 AM ET

    The Fed's "wildly accommodative" monetary policy risks triggering the next world financial crisis, market veteran Stephen Roach warned.

  • Ross: Bank of Ireland is 'on the right track' Monday, 9 Jun 2014 | 4:26 PM ET
    Wilbur Ross

    U.S. billionaire Wilbur Ross, who has sold his stake in Bank of Ireland, said he believes the bank is "on the right track."

  • Why I'm ready to invest more in Europe: Wilbur Ross Friday, 6 Jun 2014 | 10:01 AM ET
    Wilbur Ross

    Private equity billionaire Wilbur Ross tells CNBC he's more likely to put money to work in Europe, after the ECB's interest rate move.

  • SPAC on track to write 'blank check'   Friday, 6 Jun 2014 | 7:38 AM ET
    SPAC on track to write 'blank check'

    Billionaire investor Wilbur Ross, WL Ross & Company chairman and CEO, discusses the launch of his publicly traded special purpose acquisition corporation, formed for the purpose of making acquisition.

  • Wilbur Ross on ECB rate cut   Friday, 6 Jun 2014 | 7:03 AM ET
    Wilbur Ross on ECB rate cut

    Billionaire Wilbur Ross, who invests in distressed assets, weighed in on the ECB's move to negative interest rates.

  • Early jobs for some of Wall Street's finest Sunday, 6 Apr 2014 | 7:00 AM ET
    Mike Mayo, then and now.

    Where some of the financial industry’s most powerful worked to help pay for college

  • Where Wilbur Ross sees more opportunity Monday, 17 Mar 2014 | 2:13 PM ET
    Wilbur Ross

    Wilbur Ross says there is continued opportunity in Europe's financial sector.

  • 'Good long-term growth' ahead: Wilbur Ross Monday, 17 Mar 2014 | 1:49 PM ET
    China making fundamental shift: CEO

    Billionaire investor Wilbur Ross remains bullish despite an expected slowdown in China.

  • Growth areas in Europe: Ross

    Wilbur Ross, WL Ross & Co. chairman & CEO, reveals where he is seeing the best investment opportunities in Europe and weighs in on comments written by Kevin Roose, New York Magazine, about the "one percent."

  • Art world overheating: Wilbur Ross   Monday, 25 Nov 2013 | 7:53 AM ET
    Art world overheating: Wilbur Ross

    Wilbur Ross, WL Ross & Co. chairman and CEO, explains why he thinks people are putting their money into art. He says he "has been sucked in by the fad."

  • Healthy Gen Yers won't buy Obamacare: Wilbur Ross Friday, 18 Oct 2013 | 11:05 AM ET
    Wilbur Ross

    A cornerstone of Obamacare is getting enough healthy young people to sign up. Billionaire Wilbur Ross told CNBC, "That's a very doubtful assumption."