112 results returned for search: "" category "News" author Jonathan Kent
Butterfield Bank is in talks with institutional investors to raise a “significant” amount of new capital.
The bank made the announcement this morning, shortly after the Bermuda Stock Exchange suspended trading of its common shares.
“In response to en...
DATE: Mar 02, 2010
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Jonathan Kent
Butterfield Bank has obtained $550 million in new capital from several institutional investors and has replaced chief executive officer Alan Thompson.
As it announced a $213 million loss for 2009, the bank said it would also offer its existing shareh...
DATE: Mar 02, 2010
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AUTHOR:
Jonathan Kent
Finance Minister and Deputy Premier Paula Cox reiterated yesterday that she is just a "cog in the wheel" of Government after a leading businessman suggested that she was rather more than that.
Speaking in a question-and-answer session at yesterday's ...
DATE: Mar 02, 2010
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Jonathan Kent
Government has raised its statutory debt ceiling to $1.25 billion — up 25 percent.
Bermuda governments have traditionally tried to keep the limit inside 10 percent of gross domestic product, but the latest rise takes it to more than 20 percent.
The m...
DATE: Feb 27, 2010
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AUTHOR:
Jonathan Kent
Government is expecting the Island's economy to come out of recession and grow by up to one percent in the coming year, after it shrank by an estimated 2.5 percent last year.
According to the outlook for the Ministry of Finance's National Economic Re...
DATE: Feb 27, 2010
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AUTHOR:
Jonathan Kent
Payroll tax is to rise two percent to 16 percent, Finance Minister Paula Cox announced in her Budget statement this morning.
Government has also raised its debt ceiling by 25 percent to $1.25 billion, following last year’s 82 percent rise.
The rate o...
DATE: Feb 26, 2010
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AUTHOR:
Jonathan Kent
The Bermuda Stock Exchange (BSX) plunged to its lowest level in nearly a decade yesterday, as Butterfield Bank shares fell more than nine percent.
The Royal Gazette / BSX Index fell 4.6 percent in yesterday's trading to close on 1,919.01 points — its...
DATE: Feb 20, 2010
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AUTHOR:
Jonathan Kent
Capital G Investments Ltd. has expanded its business through an amalgamation with fellow Bermuda company Kast Investment Management Ltd.
Capital G Investments’ total assets under management have swollen to more than $650 million and its client base t...
DATE: Jan 18, 2010
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AUTHOR:
Jonathan Kent
Bermuda resident James Martin has been offered honorary fellowship of The Royal Institution of Great Britain.
Dr. Martin, one of the leading lights in the development of computer technology was given the honour in recognition of his "outstanding cont...
DATE: Dec 21, 2009
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AUTHOR:
Jonathan Kent
Bermuda’s top financial regulator Matthew Elderfield is to leave at the end of this year to take up a leading job with the Irish central bank, after Bermudian Jeremy Cox was appointed to replace him as chief executive officer of the Bermuda Monetary ...
DATE: Oct 19, 2009
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AUTHOR:
Jonathan Kent
