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HSBC Bermuda chief executive officer Richard Moseley says the bank welcomes competition after Finance Minister Bob Richards said he was looking at ways to “restructure the banking sector”. For a second successive year in the national Budget statement...

Many homeowners continue to struggle to make payments on their mortgages as Bermuda grinds through what has been described as its deepest credit crisis in at least half a century. Financial results released by HSBC Bank Bermuda Ltd yesterday revealed...

HSBC Bank Bermuda Ltd posted net profit of $48 million in 2014, up $3 million from 2013, the bank said today. Revenue also climbed to $261 million, an increase of $19 million, or 8 per cent from the previous year. Net profit from operations in Bermud...

Bermuda Press (Holdings) Ltd made a $905,000 profit in its last fiscal year — slightly down from $922,000 in the previous year — as revenues edged higher for the first time since 2008. In its annual report for the year ended September 30, 2014, BPH, ...

The Bermuda Monetary Authority plans to get more involved with Government in ensuring the Island’s financial stability — but it will steer well clear of politics. That was the firm message from chief executive officer Jeremy Cox, who was speaking aft...

Bermuda-based Hiscox has no plans to join the merger spree occurring in the reinsurance market. The London-listed insurer and reinsurer, which yesterday reported a £231.1 million ($355 million) pre-tax profit for 2014, down more than 5 per cent from ...

Bermuda and other international financial centres are “routinely attacked and demonised” in Europe, according to Bermuda’s top financial regulator. Jeremy Cox, chief executive officer of the Bermuda Monetary Authority, said in opening remarks in the ...

Around half of the 37 Bermuda-based employees of Platinum Specialty Underwriters Holdings Ltd have accepted redundancy packages after the reinsurer was bought out by RenaissanceRe Holdings Ltd, The Royal Gazette understands, while the other half acce...

Butterfield Bank today reported net income of $98.3 million for 2014, up by more than 25 per cent from the previous year. The results represented a fourth consecutive year of earnings growth for Butterfield. Chairman and chief executive officer Brend...

LF Wade International Airport is the place to hang out if you want to find out who’s buying whom in the reinsurance industry, according to XL Group chief executive officer Mike McGavick. His comments led to the headline “For Front-Row Seat in Deal Ac...