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Wilbur Ross Profile, Biography, About

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  • NICOSIA, July 28- Bank of Cyprus, the Cypriot lender that recapitalised by seizing its clients' deposits last year, said it had raised 1 billion euros in a private placement on Monday, drawing in investors from the United States and Russia as well as from an EU-controlled bank.

  • 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.

  • *Bank of Ireland shares down 3.2 percent. LONDON/ DUBLIN, June 10- U.S. billionaire Wilbur Ross sold his entire shareholding in Bank of Ireland for almost half a billion euros on Tuesday, to almost triple the value of a shrewd investment made at the height of the euro zone crisis.

  • *Bank of Ireland shares down 2.8 percent. LONDON/ DUBLIN, June 10- The sale by billionaire investor Wilbur Ross of his entire shareholding in Bank of Ireland was priced at 0.265 euros a share, Deutsche Bank, the placing's bookrunner, said in a statement. Deutsche Bank acted as sole bookrunner on the placement of Ross's 1.8 billion shares.

  • European shares take breather, Bank of Ireland sinks Tuesday, 10 Jun 2014 | 3:47 AM ET

    *FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 down 0.2 pct. *Bank of Ireland sinks as Wilbur Ross sells stake. The pan-European FTSEurofirst 300 index was down 0.1 percent at 1,392.02 points at 0726 GMT, with the euro zone's blue-chip Euro STOXX 50 index down 0.2 percent at 3,299.54 points.

  • European shares pause for breath, BoI sinks Tuesday, 10 Jun 2014 | 3:15 AM ET

    LONDON, June 10- European stocks paused early on Tuesday after a three-day winning streak fueled by a package of measures from the European Central Bank, with a key regional index seen as overbought on a technical basis.

  • LONDON, June 10- The sale by billionaire investor Wilbur Ross of his entire shareholding in Bank of Ireland was priced at 0.265 euros a share on Tuesday, a source familiar with the transaction said.

  • June 6- Shares of WL Ross Holding Corp, a special purpose acquisition company set up by billionaire Wilbur Ross, rose slightly in their market debut. The company said earlier on Friday that it raised $435 million after selling 43.5 million units for $10 per unit. Deutsche Bank Securities and BofA Merrill Lynch were the lead underwriters for the offering.

  • 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.

  • June 6- WL Ross Holding Corp, a special purpose acquisition company set up by billionaire Wilbur Ross, raised $435 million in an initial public offering of common units. The company said its offering of 43.5 million units was priced at $10 per unit. Deutsche Bank Securities and BofA Merrill Lynch were the lead underwriters for the offering.

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

    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

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

  • NEW YORK, June 2- Private equity firms Warburg Pincus LLC and Vestar Capital Partners Inc are exploring an initial public offering of Triton Container International Ltd that could value the company at more than $6 billion, including debt, said three people familiar with the matter.

  • *Pvt equity has pumped $32 bln into shipping in past 2 yrs-fund mgr. SINGAPORE, May 9- The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.

  • *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.

  • 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

    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."