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A British resident of Bermuda and long-time customer of HSBC Bermuda was told by a bank employee that if she could not produce evidence of her ties to the Island, her account could be frozen. The 39-year-old woman, who had gone into the bank to close...

KeyTech today announced that it is slashing its dividend by 25 percent. The company, which owns Bermuda Telephone Company and Logic Communications, said its next quarterly dividend payable next month would be reduced to nine cents from 12 cents. In a...

Luxury brand name retailer Lusso has reopened its renovated and expanded Front Street store. Part of the TESS Group of Companies, Lusso will offer clothing for the first time, as well as the luxury accessories it specialised in before. TESS announced...

The long-haul air travel experience would be a lot more enjoyable if you could if you could go to sleep in a queen-size bed, then have a shower before you landed, refreshed and ready to go. That may seem like the stuff of fantasy, but now it’s an exp...

Bermuda Container Line (BCL) is to continue to operate out of the port of New York/New Jersey after its owner Neptune Group decided to go back on its plan to switch to Philadelphia to cut costs. The U-turn came after importers made clear their prefer...

Ratings agency Standard & Poor’s may lower HSBC Bank Bermuda’s A/A1 credit ratings by as much as two notches, after it put the bank on “CreditWatch Negative”. In a report published this week, S&P’s analysts cite concerns over the bank’s loan deterior...

Belco could slash its electricity charges by around 15 percent if plans to convert its systems to burn liquefied natural gas (LNG) instead of diesel fuel come to fruition. Walter Higgins, CEO of Belco’s parent company Ascendant Group, told The Royal ...

The all-Bermudian staff of DeFontes Broadcasting have been assured that their jobs are safe, following a change of management at the company. Spencer Conway, a 31-year-old Bermudian entrepreneur, has taken over as interim CEO from longtime boss Kenny...

HSBC Bermuda’s net profit more than doubled to $45 million in 2013, as the company cut expenses and withstood significant allowances for bad loans. The bank, part of the HSBC global empire, revealed its Bermuda unit’s results today and stressed that ...

Bermuda Press (Holdings) Ltd (BPH) posted a full-year profit of $922,000 as the company cut operating expenses by more than seven percent. The net income for the year ended September 30, 2013, broke down to 40 cents per share and represented a strong...