Wilbur Ross and the Bank of Ireland / Jean W. Rosenthal [and eight others].

Format:

Book

Author/Creator:

Rosenthal, Jean W., 1945- author.

Series:

SAGE knowledge. Cases.

SAGE Knowledge. Cases.

SAGE knowledge. Cases

Language:

English

Subjects (All):

Bank of Ireland.

Bank management--Case studies.

Bank management.

Organizational change--Case studies.

Organizational change.

Consolidation and merger of corporations--Case studies.

Consolidation and merger of corporations.

Investments--Case studies.

Investments.

Genre:

Case studies.

Physical Description:

1 online resource : illustrations (black and white, and colour).

Place of Publication:

[London] : SAGE, 2016.

System Details:

text file

Summary:

In August 2011, Wilbur Ross, an American investor whose firm, WL Ross & Co LLC, specialized in distressed and bankrupt companies, was part of a group that raised $1.6 billion to purchase 35% of the Bank of Ireland. Even for Ross, known for his ability to find value in properties that other investors had shunned, investing in an Irish bank seemed risky. Ireland had grown rapidly in the late 1990s and early 2000s, but had experienced a massive contraction beginning in 2008. Stabilizing the banks required a succession of government interventions and finally a bailout from the International Monetary Fund, the European Central Bank, and the European Commission. In early 2013, Ross's investment seemed successful. But problems remained. This case study discusses this topic.

Notes:

Originally Published in: Rosenthal, J. W., Walsh, E., Spiegel, M., Goetzmann, W., Bach, D., McLoughlin, D. P.,. Elias, J. (2013). Wilbur Ross and the Bank of Ireland. 103-13. New Haven, CT: Yale School of Management, Yale University. Retrieved from: http://nexus.som.yale.edu/bank-ireland.

No ILL or scholarly sharing allowed.

Description based on online resource; title from home page (viewed on May 4, 2016).

ISBN:

9781473977648

OCLC:

1017713080

Access Restriction:

Restricted for use by site license.