The second phase of a government-backed mortgage guarantee programme will start in April, the Premier said in Friday’s Budget.
David Burt, who is also the finan...
The second phase of a government-backed mortgage guarantee p...
More than 90 people have signed up to a government programme to help them become homeowners since it was launched last month.
Under the scheme, first-time m...
More than 90 people have signed up to a government programme...
In a year in which financial services investment holding company Somers Limited sold the Bermuda Commercial Bank, it has reported record net income and disclose...
In a year in which financial services investment holding com...
The net asset value per share of the financial services investment holding company, Somers Limited, has climbed from $19.78 at September 30 to $31.18 in the nin...
The net asset value per share of the financial services inve...
Somers Limited has completed the $72.8 million sale of Bermuda Commercial Bank to a new company led by Bermuda resident Chris Maybury.
Somers said all conditio...
Somers Limited has completed the $72.8 million sale of Bermu...
A bank has handed out $5,000 donations to three charities.
The Bermuda Commercial Bank gave the cash to food programme the Eliza DoLittle Society, the Women’s R...
A bank has handed out $5,000 donations to three charities.
T...
A “visionary” carpenter who became a driving force for the creation of Bermuda’s first black-owned bank has died.
Walter Seymour was 101.
Mr Seymour was among t...
A “visionary” carpenter who became a driving force for the c...
Banking industry veteran Neville Grant has joined Bermuda Commercial Bank as chief commercial officer.
The bank said Mr Grant joins BCB with 28 years of experie...
Banking industry veteran Neville Grant has joined Bermuda Co...
Bermuda Commercial Bank is set to get a new owner after parent company Somers Ltd agreed to sell to investment company Provident Holdings.
Provident is owned by...
Bermuda Commercial Bank is set to get a new owner after pare...
Somers Ltd has terminated the agreement to sell Bermuda Commercial Bank to Permanent Capital Holdings Ltd after it received better offers.
The financial-service...
Somers Ltd has terminated the agreement to sell Bermuda Comm...
Somers Ltd remains hopeful that it can complete the agreed sale of Bermuda Commercial Bank after the deal was stalled by the Covid-19 crisis.
The financial-serv...
Somers Ltd remains hopeful that it can complete the agreed s...
The completion of the deal to buy out Bermuda Commercial Bank will be delayed, probably into the summer.
Somers Ltd, a financial-services investment holding com...
The completion of the deal to buy out Bermuda Commercial Ban...
Somers Ltd has reported a net loss for the year of $9.7 million while it awaits government and regulatory approvals for the sale of Bermuda Commercial Bank, whi...
Somers Ltd has reported a net loss for the year of $9.7 mill...
A New York investment firm that is in the process of buying Bermuda Commercial Bank has “no plans with regard to gaming”, one of its principals insisted yesterd...
A New York investment firm that is in the process of buying ...
One of the three men lined up to be new co-owners of Bermuda Commercial Bank is no longer one of the purchasers.
Logan Sugarman was to have been a 20 per cent b...
One of the three men lined up to be new co-owners of Bermuda...
Somers Ltd posted a $16.8 million loss in the last three months of last year, driven by a decrease in the market value of its investments and currency fluctuati...
Somers Ltd posted a $16.8 million loss in the last three mon...
Somers Ltd has agreed to the conditional sale of its majority stake in UK firm Stockdale Securities Ltd to Shore Capital Markets Ltd in a deal worth up to £4.9 ...
Somers Ltd has agreed to the conditional sale of its majorit...
Bermuda Commercial Bank is to be sold to a New York investment firm which has plans to grow the business and expand its services.
Permanent Capital, which descr...
Bermuda Commercial Bank is to be sold to a New York investme...
Somers Ltd’s first-quarter profits rose on the back of an increase in the value of the companies in which it invests.
The financial-services holding company and...
Somers Ltd’s first-quarter profits rose on the back of an in...
Somers Ltd generated net income of $15.5 million in the last three months of last year, helped by a strengthening of the UK pound.
The Bermudian-based financial...
Somers Ltd generated net income of $15.5 million in the last...
Somers Ltd, the financial-services investment holding company that owns Bermuda Commercial Bank, said yesterday that it repurchased 600 of its own shares during...
Somers Ltd, the financial-services investment holding compan...
Somers Ltd, owner of Bermuda Commercial Bank, said net income fell nearly 40 per cent to $19.4 million for the year ended September 30.
The financial-services h...
Somers Ltd, owner of Bermuda Commercial Bank, said net incom...
Somers Ltd reported a $6 million profit for the quarter ended June 30.
The financial-services investment holding company, which owns Bermuda Commercial Bank and...
Somers Ltd reported a $6 million profit for the quarter ende...
As part of a drive to remove debt from its balance sheet, Somers Ltd has increased the volume of its issued shares by more than 50 per cent since the end of Mar...
As part of a drive to remove debt from its balance sheet, So...
Somers Ltd has announced the surprise sale of its entire investment in Britain’s Ascot Lloyd Holdings.
The price of the transaction has not been disclosed, howe...
Somers Ltd has announced the surprise sale of its entire inv...
The weakness of the UK pound was the major factor driving the owner of Bermuda Commercial Bank to a $10.7 million loss in the fourth quarter of last year.
Somer...
The weakness of the UK pound was the major factor driving th...
Financial services holding company Somers Ltd notched up net income of $32.3 million for the year ended in September.
Net asset value of the company’s shares st...
Financial services holding company Somers Ltd notched up net...
Somers Ltd, parent company of Bermuda Commercial Bank, intends to buy a majority stake in Australian financial institution Resimac Ltd for $88.5 million.
The B...
Somers Ltd, parent company of Bermuda Commercial Bank, inten...
