Bermuda's tax information exchange agreement (TIEA) tally has been updated to 11 by the OECD - one short of qualifying for promotion from the "grey list" of tax havens.
The list was last updated on Ap...
Butterfield Bank yesterday announced a first-quarter net loss of $20.8 million, after writing down the value of a US mortgage-linked investment by $37.5 million.
Chief executive officer Alan Thompson ...
Finance Secretary Donald Scott has written to the OECD to complain that its progress report on international tax transparency is "flawed and misleading" and that some jurisdictions may have been prefe...
Max Capital Group posted a big increase in profits for the first quarter and handily beat analysts' estimates, as gross premiums written soared.
The Bermuda-based insurer and reinsurer reported net in...
Argo Group International Holdings Ltd.'s first-quarter net income fell by almost 27 percent on investment losses.
The Bermuda-based insurer and reinsurer posted a profit of $27 million, or $0.88 per d...
Bermuda banks with US clients face being required to share information with US tax authorities or be presumed to be aiding tax evasion and face punitive consequences.
US President Barack Obama yesterd...
Shadow Finance Minister Bob Richards last night described US President Barack Obama's tax haven crackdown as "a direct threat to Bermuda's economy".
The United Bermuda Party MP also accused Finance Mi...
Finance Minister Paula Cox responded to US President Barack Obama's broadside on tax cheats yesterday by saying: "Bermuda is not a country that assists wealthy Americans to evade taxes."
She added tha...
Many of Bermuda's business leaders have a priorities list that looks very different from 12 months ago, according to accountancy and advisory firm KPMG.
Items like risk management, capital management ...
Butterfield Bank's financial strength rating has been cut by credit rating agency Moody's.
Moody's lowered Butterfield's Bank Financial Strength Rating (BFSR) to C- from C, citing possible weakening o...
