The Bank of Butterfield has announced profits of $77.7 million for 2015, down by $30.5 million compared to the previous year.
The profit represents earnings per share of 12 cents, down from the 16 cen...
Local business welcomed the Budget yesterday, but warned that Bermuda’s finances will take time to improve.
John Wight, president of the Chamber of Commerce, singled out continued effort to reduce the...
Finance minister Bob Richards warned yesterday that an international crackdown on offshore jurisdictions could wreck the economies of the developed world.
The stark warning came in the Budget speech a...
Bermuda’s international business chiefs said they would swallow increased taxes if the Government continued to cut its costs and pushed ahead with reforms in the public service.
Insiders added that th...
Insurance and reinsurance company Lancashire Holdings yesterday posted after-tax profits of $54.4 million for the last quarter of 2015.
The figure takes the profits for the full year to more than $181...
Banks are suffering the biggest pressures since the recession hit in 2008, a report from professional services firm PwC said yesterday.
A still struggling global economy, poor business performance and...
Top banker Sandy Weill has retired as chairman of the board of Hamilton Insurance Group.
Mr Weill, former chairman of Citigroup, will be succeeded by Hamilton founder and chief executive officer Brian...
Bermuda’s business community believes that tackling the island’s debt mountain was key to revitalising the economy.
Chamber of Commerce president John Wight said: “Government has a very challenging jo...
Bermuda’s business community today said that tackling the island’s debt mountain was key to revitalising the economy.
Chamber of Commerce president John Wight said: “Government has a very challenging ...
A top executive from Bermudian-based drinks giant Bacardi has appeared before a US House of Representatives committee in a trademark battle with the Communist government of Cuba.
Rick Wilson, Bacardi ...
