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The Bank of N.T. Butterfield and Son Ltd. has allied itself with the giant Chase Manhattan Bank to better compete with the big banks in providing offshore global custody services. Bank of Butterfield will use Chase Global Investor Services for multi-...

public so businesses won't remain in a cloud of uncertainty if the party wins the upcoming general election. "We have seen and heard from one side only,'' Chamber of Commerce president Michael Smith said yesterday. "The business community is anxious ...

The offshore mutual fund industry will continue to grow even though it is under attack from other jurisdictions, speakers at a conference said yesterday. Paul Schreiber, a partner at New York-based Shearman & Sterling, said while tax relief still rem...

After sitting on a piece of property in the Turks and Caicos Islands for about 22 years, the 72 shareholders of Solar Enterprises Ltd. are finally about to get a payoff. The company's board of directors yesterday announced a US investor has offered t...

Representatives of the Organisation for Economic Cooperation and Development (OECD) will be meeting in Paris this week to discuss a plan to eradicate unfair tax competition between members, including offshore jurisdictions like Bermuda. This will be ...

Last week's column about telephone over the Internet sparked off some positive reviews -- and some splenetic comments from the spokesperson of one of the long distance carriers. The normally mild-mannered representative called the column "shallow'', ...

to stave off competition in the local telephone market from Quantum Communications Ltd. A Supreme Court judge has rejected BTC's request for a stay on a ministerial order requiring the company to connect its network with Quantum's, according to a Qua...

Belvedere Insurance Co. Ltd. was placed in liquidation Friday at a hearing before the Supreme Court. Malcolm Butterfield of KPMG Bermuda and Tony McMahon of KPMG London have been appointed joint provisional liquidators of the company. In July GTE Rei...

change to its corporate structure -- setting up a holding entity to position the company for possible future acquisitions. BTC deputy chairman Cummings Zuill said while no acquisitions are planned at the moment, the board saw the need for a holding c...

Eight local businesses taking part in a Government-sponsored pilot project have signed a commitment to continue with training programmes for their employees. At a ceremony at Stonington Hotel last night the businesses received certificates issued by ...