1684 results returned for search: "" category "Business" author Jonathan Kent
US tax policy will be increasingly under the spotlight in the coming months and Bermuda should be prepared for that, according to former US Congressman Harold Ford, Jr.
Speaking at the Bermuda International Business Association's annual general meeti...
DATE: Mar 05, 2010
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AUTHOR:
Jonathan Kent
Payroll tax increases proposed in the Budget could cause some international companies to leave Bermuda or stop hiring on the Island.
That is the view of retired corporate lawyer Kevin Comeau, who said the the raising of the payroll tax salary cap cou...
DATE: Mar 05, 2010
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AUTHOR:
Jonathan Kent
Moody's Investors Service has downgraded Butterfield Bank's long-term deposit and debt ratings, following the $550 million capital injection from a group of investors.
Without the infusion of capital, the scale of writedowns of troubled investments "...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
Plans for bank deposit insurance scheme may be unveiled by as soon as the end of this year.
Speaking after Butterfield Bank announced a $213 million loss last year, Bermuda Monetary Authority chief executive officer Jeremy Cox said the Authority "rec...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. saw the value of its substantial stake in Butterfield Bank tumble further yesterday, as Butterfield closed at $2 on the Bermuda Stock Exchange.
Until Tuesday, when it was announced that new investors had bought $550 million ...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
Government's doubling of the foreign currency purchase tax (FCPT) from 0.5 to one percent will create extra costs that will end up being paid by consumers.
That is the view of Jim Butterfield, president of food importer Butterfield & Vallis, who says...
DATE: Mar 04, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank last announced a net loss for 2009 of $213.4 million, driven by writedowns of mortgage-backed securities and commercial loan loss provisions.
And the bank warned it was likely to take another loss of between $150 million and $175 mil...
DATE: Mar 03, 2010
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AUTHOR:
Jonathan Kent
Butterfield Bank's current share price makes it ripe for takeover — and it would be a "good fit" for one of the top Canadian banks.
That is the view of Jeremy Dyck, an investment adviser with LOM Securities (Bahamas) Ltd., who follows the 150-year-ol...
DATE: Mar 02, 2010
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AUTHOR:
Jonathan Kent
Higher employment costs for companies resulting from the payroll tax increase announced in Friday's Budget are likely to result in higher prices for consumers, according to one prominent local boss.
Charles Gosling, managing director of beverage comp...
DATE: Mar 01, 2010
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AUTHOR:
Jonathan Kent
Billionaire investor Wilbur Ross has sold his entire 8.9 percent stake in Montpelier Re Holdings Ltd. back to the Bermuda reinsurer.
Montpelier announced after the close of regular New York Stock Exchange trading on Friday that it had purchased Mr. R...
DATE: Mar 01, 2010
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AUTHOR:
Jonathan Kent
