Wilbur Ross, WL Ross & Company chairman & CEO, weighs in on the outlook for U.S. stocks.» Read More
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...
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.
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.
*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.
*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.
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.
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.