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Wilbur Ross Profile, Biography, About

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  • *Sector facing multi-billion-dollar funding shortfall. LONDON, April 17- Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980 s. Avance Gas listed this week in Oslo.

  • ATHENS, April 15- International investors are to invest 1.3 billion euros in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece.

  • UPDATE 1-Talmer Bancorp shares rise in US debut Wednesday, 12 Feb 2014 | 10:42 AM ET

    Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their market debut, valuing the U.S. bank holding company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected range.

  • Talmer Bancorp shares rise in US debut Wednesday, 12 Feb 2014 | 10:12 AM ET

    Feb 12- Shares of Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, rose as much as 7 percent in their U.S. market debut, valuing the company at about $971 million. Talmer's initial public offering raised about $203 million after its Class A shares were priced at $13 per share, near the lower end of its $12.50- $14.50 expected pricing range.

  • Feb 4- Diamond S Shipping Group Inc, which is backed by billionaire-investor Wilbur Ross, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. Jefferies and BofA Merrill Lynch would underwrite the offering, Diamond S Shipping said in a filing on Tuesday with the U. S Securities and Exchange Commission.

  • Jan 31- Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, priced its initial public offering of common shares at between $12.50 and $14.50 per share, valuing the company at up to $1 billion.

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

    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."

  • Wilbur Ross-backed Navigator Holdings prices IPO at $19 Wednesday, 20 Nov 2013 | 7:47 PM ET

    Nov 20- The liquefied gas carrier Navigator Holdings Ltd, controlled by billionaire investor Wilbur Ross, raised $228 million after its initial public offering was priced at $19 per share, the higher end of its expected range. The company's net income for the nine months ended Sept. 30, 2012, rose 39 percent to $30.1 million, from $21.7 million a year earlier.

  • *EU agrees Spain does not need to extend bank rescue. MADRID, Nov 14- Potential buyers of Spain's rescued banks, which include foreign investors, are pressuring the government to sweeten sales with more state aid, just as Madrid pulls its financial sector off European support, banking sources said.

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

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

  • Wilbur Ross, chairman and CEO of WL Ross & Co., says China is well aware that its shale gas ambitions will take time to materialize while Japan is showing green shoots under the leadership of Abe.

  • With shipping prices ridiculously low, what should you do with the dry bulk shipping stocks?

  • President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," billionaire investor Wilbur Ross told CNBC Thursday.

  • With control of Congress unchanged, billionaire investor Wilbur Ross expects President Barack Obama to start thinking about his legacy during his second term by reaching across the aisle to build consensus.

  • Nov 1- Overseas Shipholding Group Inc's warning that it may file for bankruptcy protection has companies that lease ships to the world's No. 2 tanker operator scrambling to find alternative customers and writing down the value of their OSG contracts.

  • *$3 billion bid tops offer from Nationstar Mortgage Holdings. Oct 24- Ocwen Financial Corp and Walter Investment Management Corp on Wednesday prevailed in a bankruptcy auction for Residential Capital LLC's mortgage business with a $3 billion bid that topped rival Nationstar Mortgage Holdings Inc..

  • Wilbur Ross: Banks ‘Too Complex to Manage’ Tuesday, 16 Oct 2012 | 1:46 PM ET

    In the wake of a major leadership shift Citigroup, billionaire investor Wilbur Ross said Tuesday that banks have become “too complex to manage” and will probably return to a simpler business model.

  • Oct 3- Loan servicer Ocwen Financial Corp will buy Homeward Residential Holdings Inc from private equity firm WL Ross& Co LLC for about $750 million to strengthen its hold on the residential mortgage servicing market. The company's shares jumped as much as 16 percent to a life-high of $33.57 in early trading on the New York Stock Exchange on Wednesday.

  • How Bad Is Greece? Worse Than You Think, Ross Says Tuesday, 14 Aug 2012 | 7:50 AM ET
    Wilbur Ross, chairman and chief executive officer of WL Ross & Co. LLC.

    Though other parts of the continent are improving, Greece actually is worse up close than it appears from the outside, investor Wilbur Ross told CBNC.

  • The Bond Blame Game in California     Tuesday, 14 Aug 2012 | 7:15 AM ET

    Dominic Frederico, Assured Guaranty CEO, explains why Stockton, California has not done enough to cut its fiscal fat to meet its bond obligations, with Wilbur Ross, WL Ross & Co. chairman and CEO.

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