1727 results returned for search: "" category "Business" author Jonathan Kent
Ratings agency Moody's has put Butterfield Bank's bank financial strength and long-term debt ratings on review for possible downgrade.
Moody's said the move was prompted by its earlier decision, announced on Monday, to put the Government of Bermuda o...
DATE: Mar 19, 2009
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AUTHOR:
Jonathan Kent
Shadow Finance Minister Bob Richards says Government is "way too casual" about the need to make Bermuda's case as an insurance centre, amid rising rhetoric directed at offshore financial centres.
The United Bermuda Party MP's comments came after the ...
DATE: Mar 19, 2009
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox looked to differentiate Bermuda from more secretive low-tax jurisdictions yesterday, when she argued that the Island was no "Johnny come lately" amid a widening move towards tax information exchange agreements (TIEAs) betwe...
DATE: Mar 19, 2009
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Jonathan Kent
A downgrade of the Government's debt rating would cost Bermuda taxpayers millions of dollars and Shadow Finance Minister Bob Richards does not want to see it happen.
After Moody's' announcement on Monday that it was putting the Island's bond ratings ...
DATE: Mar 18, 2009
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AUTHOR:
Jonathan Kent
The Bank of Bermuda and the charitable foundation that shares its name are to focus their giving this year on charities addressing social needs likely to escalate during the economic downturn.
Organisations dealing with children, the elderly and viol...
DATE: Mar 17, 2009
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AUTHOR:
Jonathan Kent
Political strategist Donna Brazile urged women to seize the opportunity to break through the "glass ceiling" that has limited their professional development for so long.
In an inspiring and entertaining speech on Friday evening at the Fairmont Hamilt...
DATE: Mar 16, 2009
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AUTHOR:
Jonathan Kent
A class action complaint has been filed Ernst & Young (Bermuda) and others in the United States on behalf of investors in a hedge fund for which it was auditor.
The action was filed at the US District Court for the District of Connecticut on Monday t...
DATE: Mar 13, 2009
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AUTHOR:
Jonathan Kent
Bermuda Press (Holdings) Ltd.'s profits fell by more than a third in the year ended September 30, 2008, as expenses rose and the company felt the impact of a Government withdrawal of advertising.
In the company's joint statement to shareholders, pres...
DATE: Mar 13, 2009
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AUTHOR:
Jonathan Kent
The new man in charge of Schroders' Bermuda office is aiming to double the revenue from the unit's private-equity servicing business by 2011 and also significantly boost its investment management business.
David Burns, who arrived from London to take...
DATE: Mar 12, 2009
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AUTHOR:
Jonathan Kent
Fitch Ratings yesterday downgraded Butterfield Bank's long-term debt rating from A to A-, citing a $121 million charge in the fourth quarter of last year relating to US mortgage-backed securities.
Fitch also affirmed Butterfield's short-term customer...
DATE: Mar 11, 2009
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AUTHOR:
Jonathan Kent
