Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon.
The bank absor...
More than a month into the new year, Bermuda’s financial institutions are still considering what to do about replacing Libor, a major component scheduled for re...
Desperation could lead people to get in over their heads with fast-cash lenders, an MP has warned.
Leah Scott, the deputy Opposition leader, said that people wh...
Court summons were issued for 26 people on a single day after they racked up thousands of dollars worth of debts to an unlicensed fast-cash lender.
Lawyers for ...
Bermuda dollar loans lent out by banks have hit a seven-year low, according to figures from the Island’s financial regulator.
The Bermuda Monetary Authority’s l...
A Bermuda firm is to offer payday loans.
Gold Standard — which already buys unwanted jewellery and offers secured loans — said the move was in response to custo...
Home owners who live in listed buildings are being encouraged to take advantage of interest-free loans for renovations and repairs.
Up to $100,000 per property...