Private equity firm WL Ross is convinced that Ireland will rebound but warns of ‘moral hazard’
BILLIONAIRE INVESTOR Wilbur Ross believes some will think he and his fellow members in the consortium bidding for an Irish lender have lost their minds.
However, an investment by WL Ross in Educational Building Society (EBS) is as “counter-intuitive” as the firm’s recent purchases of banks in Florida and Michigan, two of the states worst hit by the US subprime mortgage meltdown.
That is our job,” says Ross of his investments in businesses that others would see as far too risky.
Follow the story
Property prices defy cost-of-living squeeze rising 15.2%
View article
Rising interest rates: feeling the pinch
View article
Brexit relocations fall, but Dublin still top choice
View article
Office vacancy rate declines further
View article