1727 results returned for search: "" category "Business" author Jonathan Kent
PartnerRe Ltd. may face more than $300 million in claims emanating from the earthquake that caused billions of dollars worth of damage in Chile and tens of millions more from a European windstorm.
The company's shares fell 2.2 percent to $77.43 yeste...
DATE: Mar 10, 2010
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AUTHOR:
Jonathan Kent
PricewaterhouseCoopers (PwC) partner Peter Mitchell has died suddenly at the age of 55.
It is understood that Mr. Mitchell was found in an unresponsive state by a family member at his home in Devonshire on Friday morning and was later pronounced dead...
DATE: Mar 08, 2010
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Jonathan Kent
Private-equity giant the Carlyle Group has not invested $150 million into Butterfield Bank to "make a quick buck", according to one of its top executives.
Carlyle managing director and head of the Global Financial Services group, Olivier Sarkozy, tol...
DATE: Mar 05, 2010
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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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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
