Billionaire plans to buy U.S. banks
From Times Wire Services
Billionaire financier Wilbur L. Ross Jr. plans to seek about $4 billion from investors including Arab sovereign funds to buy U.S. depositary banks.
Ross, 70, said he would talk with Persian Gulf investors in Abu Dhabi next week about 100 to 200 so-called thrift banks. He plans to package U.S. thrift bank acquisitions “as a finished product” to sovereign wealth funds, he said.
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