Monday, February 26, 2024
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Where Wilbur Ross sees more opportunity

Despite a trebling of his investment in the Bank of Ireland, billionaire investor Wilbur Ross said there is continued opportunity in Europe's financial sector.

"We continue to think the financial services sector in Europe has a lot of distress remaining," he said, noting that there were not as many troubled institutions in the northern and western countries.

In an interview with CNBC, Ross said that he would be focusing on Mediterranean countries Greece, Italy and Spain.

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