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Bank of N.T. Butterfield and Son Ltd. president and chief executive officer Calum Johnston has slammed previous management for past mistakes in growing the bank's overseas operations. In a speech on Friday before the Chartered Institute of Bankers he...

A pending US court battle preventing Bermuda Container Line Ltd. (BCL) from moving to a more competitive port location has hit the shipping company's results. Even though the company's operating earnings increased by four percent to $2.16 million, pr...

system so as to get out of paper transactions and to comply with international standards. Along with the system change, the BSX will move to continuous trading from 9 a.m. to 3.30 p.m. The BSX plans on making the switch on October 1. The Bermuda Elec...

Bermuda market on July 15. The FTSE/BSX index is based on the stock market performance of Bermuda-based insurers and reinsurers. A mutual fund tracking the index will also be launched at the same time. Investors will be able to invest in Bermuda's in...

his business to rip out expenses, the next he's giving his investment news service away. All this of course is done to shore up the bottom line, win customer loyalty and make lots of money. Save money during the good times and spend during the bad, h...

Bermuda-based ACE Ltd. continues its international expansion, announcing yesterday an agreement to pay about $500 million for Tarquin Plc, an underwriter in the Lloyd's of London insurance market. ACE's latest investment in overseas business boosts i...

Thomson Bankwatch, the world's largest bank rating agency. Thomson has downgraded the bank's senior debt rating to `A plus' from `AA minus'. The agency blamed poor supervision of the company's London operations and a subsequent total of $50 million i...

As we grapple with how to use the Internet all sorts of crazy things occur, indicating that there is, thankfully, still a Wild West side to the communications network. I'll be optimistic enough to say the Internet is helping to deomocraticise a world...

Bermuda's two main political parties need to demonstrate a national vision and leadership for the Island elements which are currently lacking, Bermuda Land Development Corporation Chairman Vincent Ingham said yesterday. "I have said before that there...

Annex has not been able to secure financing for the project, Bermuda Land Development Company (BLDC) chairman Vince Ingham said yesterday. Now the quango charged by Government with developing the 250-acre site is considering other alternatives to get...