Wilbur Ross


  • Ackermann takes helm of Cyprus' biggest bank Thursday, 20 Nov 2014 | 11:39 AM ET

    NICOSIA, Cyprus— Former Deutsche Bank chief Josef Ackermann has been named the new chairman of bailed-out Cyprus' biggest bank. The shareholders' and board votes Thursday come after the Bank of Cyprus passed a European in-depth review of its finances last month. Bank of Cyprus still faces major hurdles— half of all its loans are bad.

  • *FTSE 100 has lost over 8 percent since Sept. 4. The decision to scrap the offering, which could have valued the firm at about 800 million pounds, casts a shadow over the prospects of the bigger and more widely known Virgin Money, another bank seeking to list this month. Aldermore and Virgin are among so-called challenger banks which the government hopes can break the...

  • TORONTO, Oct 7- U.S. billionaire investor Wilbur Ross is looking at investing in the Canadian and U.S. energy sectors, betting a long-term recovery in oil prices will boost the fortunes of small and mid-cap companies whose shares have been battered since June. Ross, who made his name by snapping up out-of-favor assets ranging from banks to textile firms, told...

  • 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.

  • NAB acquired regional lender Great Western in 2008 for just below $1 billion to get more involved in funding agribusiness in the United States, but the operation lacks the scale of larger competitors in the western states where it operates.

  • LONDON, July 29- U.S. billionaire Wilbur Ross said on Tuesday that he will take a "significant" portion of the 1 billion euros worth of new shares being sold by Bank of Cyprus but that the complexities of the deal made it impossible to say how much at this point.

  • *Bank of Cyprus raises 1 bln euros from EU, US investors. LONDON/ NICOSIA, July 29- Bank of Cyprus, which has just raised 1 billion euros from investors, plans to sell up to 1 billion euros in bonds in September, chief executive John Hourican said, a move that would mark a rehabilitation of the euro zone's first bank to recapitalise using depositors' cash.

  • LONDON, July 29- Bank of Cyprus hopes to issue a covered bond of between 500 million euros and 1 billion euros in September, its chief executive John Hourican told Reuters on Tuesday. Investors who bought into the capital raise include famed U.S/ billionaire Wilbur Ross and the European Bank for Reconstruction and Development.

  • 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.

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

    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

    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

    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.

  • *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.

  • 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."

  • 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.