When three vulture funds voted down a settlement relating to bonds issued by failed bank Baring Brothers, it emerged that among their advisers was Wilbur Ross, senior managing director at Rothschild in New York.
The 61-year-old “bankruptcy king” of Wall Street has probably more experience than anyone else in the business of recycling other people’s mistakes. Since joining Rothschild in 1976, Ross has been involved in eight of the 25 biggest bankruptcies of all time. He has helped investors pick over the remains of such operations as Drexel Burnham Lambert and Donald Trump’s Taj Mahal casino, and has advised troubled companies such as Texaco, TWA, Continental Airlines, and Greyhound.
Thanks for your interest in Euromoney!
To unlock this article:
