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The Bank of Bermuda has been temporarily stymied in its efforts to seek a secondary listing overseas. On Tuesday Parliament's private bills committee decided to delay considering whether to recommend the passing of an act which would give the bank ex...

The alliance between giant State Street Bank & Trust Co. and the Bermuda Commercial Bank might seem like an unequal relationship. The Boston-based bank, with $3.9 trillion in assets under custody and $390 billion under management, might be tempted to...

When the Private Bills Committee meets today they will have before them three potentially controversial items to consider. The eight committee members will be debating private bills put forward by The Bank of Bermuda, Belco (Holdings) Ltd., and Bermu...

Bermuda Telephone Co. Ltd. (BTC) rival Quantum Communications Ltd. began commercial operations last week and has so far captured four corporate customers, president and chief executive officer Jim Sullivan said yesterday. The company is entering the ...

1997 financial year ended December 31, an increase of 9.2 percent over the previous year. Earnings per share were up about nine percent to $3.60 a share. Return on equity rose to 10.2 percent from ten percent in 1996. Electricity sales revenue increa...

prohibiting foreign ownership above 40 percent in a local company was tabled in Parliament yesterday. Finance Minister Grant Gibbons, while not openly supporting the grant of exemption, said he believes the bank has a good argument for not having the...

Cable & Wireless Bermuda is demanding "millions'' of dollars in compensation from Government for allowing TeleBermuda International Ltd. to compete against it in the long distance market. The demand is the latest in a series of salvoes the company ha...

In Bermuda's telecommunications sector, one can see a microcosm of the kind of configurations the interplay between new technology and regulation is taking in larger economies. The opening up of competition here has brought not only new companies to ...

shake-up over the past five years. But the company is hoping its customers may never see the inner workings in the service they're getting. They will just expect service, and get it. "Our technology will never be visible,'' BCB general manager Peter ...

Butterfield & Vallis yesterday announced it had reached an agreement to take over the food business lines of Winter-Cookson, Petty Ltd. Some redundancies are possible, company officials said. Butterfield & Vallis is the largest wholesaler on the Isla...