Billionaire Ross Interested in Buying Spanish Bank Assets

Wilbur Ross, the billionaire who’s taken stakes in distressed U.S. and European lenders, said he’s interested in Spanish banking assets as the country takes steps to resolve bad loans stemming from its real-estate bubble. Ross’s WL Ross & Co., which holds about 10 percent of Bank of Ireland Plc. (BKIR) and teamed up with Richard Branson to buy part of Northern Rock Plc, is in talks “almost every week” with representat\Newsives of the large Spanish banks, he said in an interview in Abu Dhabi, without naming potential targets.  

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