Wilbur Ross, Chairman & CEO of WL Ross & Co. LLC, says that the cheap oil prices add an extra $90 a month into each U.S. family's pocket.» Read More
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...
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.
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.
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.
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.
Billionaire investor and art collector Wilbur Ross tells CNBC that buying and selling art more often can be quite lucrative.
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.
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.
The Fed's "wildly accommodative" monetary policy risks triggering the next world financial crisis, market veteran Stephen Roach warned.
U.S. billionaire Wilbur Ross, who has sold his stake in Bank of Ireland, said he believes the bank is "on the right track."
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.
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.
Billionaire Wilbur Ross, who invests in distressed assets, weighed in on the ECB's move to negative interest rates.
Where some of the financial industry’s most powerful worked to help pay for college
Wilbur Ross says there is continued opportunity in Europe's financial sector.
Billionaire investor Wilbur Ross remains bullish despite an expected slowdown in China.
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."
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."
A cornerstone of Obamacare is getting enough healthy young people to sign up. Billionaire Wilbur Ross told CNBC, "That's a very doubtful assumption."