Wilbur Ross Seen Cutting Bank of Cyprus Ties to Work for Trump

  • Invested alongside Russian billionaire Viktor Vekselberg
  • WL Ross fund would still own stake in Mediterranean lender

Wilbur Ross, U.S. President-elect Donald Trump’s pick for commerce secretary, intends to sever his ties to Bank of Cyprus Pcl, but the private equity firm that bears his name isn’t planning to sell its stake in the lender, according to two people familiar with the matter.

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