1727 results returned for search: "" category "Business" author Jonathan Kent
Bank of Bermuda chief executive officer Philip Butterfield is unconcerned by major local rival Butterfield Bank getting a helping hand from Government to boost its capital base.
The deal which saw Government guarantee the principal and dividends on $...
DATE: Mar 11, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank is hopeful that a substantial portion of the $200 million of preferred stock it is issung with Government guarantees will be subscribed by private buyers.
In an historic agreement announced last Friday, Government agreed to guarantee...
DATE: Mar 11, 2009
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AUTHOR:
Jonathan Kent
BF&M Ltd. chief executive officer John Wight says training to be a chartered accountant is well worth the effort — despite the widespread job losses seen in the financial sector in recent months.
Mr. Wight, who is chairman of the Institute of Charter...
DATE: Mar 10, 2009
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Jonathan Kent
Businessman and former Premier Sir John Swan approves of the capital-raising deal between Butterfield Bank and Government - so much so that he intends to invest in it.
Sir John yesterday said the $200 million of preferred stock being sold by Butterfi...
DATE: Mar 10, 2009
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AUTHOR:
Jonathan Kent
Almost three-quarters of the Bank of Bermuda's employees are women — and chief executive officer Philip Butterfield wants to see more female representation in the upper echelons of management.
The bank has introduced several means of encouraging its ...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
Bank of Bermuda's net profits rocketed by more than 20 percent last year, the HSBC-owned institution has announced.
The bank's consolidated net profit for 2008 soared to $348 million, up 21 percent compared to the previous year, when the bank made $2...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
XL Capital Ltd. chairman Brian O'Hara will not stand for re-election to the company's board of directors at next month's annual general meeting.
The announcement marks the end of a 23-year association between the Bermuda business insurer and Mr. O'Ha...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
Bank of Bermuda chief executive officer Philip Butterfield said yesterday that stress tests on banks that have been requested by the Island's financial regulators are "essential".
The Bermuda Monetary Authority announced in its 2009 Business Plan tha...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
Insurer Old Mutual believes its Bermuda life insurance unit can recover to profitability after it cost the group more than half a billion dollars last year.
The London-listed insurance and banking giant said it recognised a total loss of $508 million...
DATE: Mar 05, 2009
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AUTHOR:
Jonathan Kent
PartnerRe has a "strong competitive position and solid operating profitability", according to Fitch Ratings, which has affirmed the Bermuda reinsurer's financial strength rating at AA.
In a statement released yesterday, Fitch said it expected Partner...
DATE: Mar 05, 2009
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AUTHOR:
Jonathan Kent
