110 results returned for search: "" category "News" author Jonathan Kent
Bermuda is no longer officially regarded as a tax haven.
The Organisation for Economic Cooperation and Development said yesterday it had promoted the Island from its “grey list” to the “white list” of countries ranked by their progress on meeting int...
DATE: Jun 08, 2009
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AUTHOR:
Jonathan Kent
A representative of an investment firm that is accused by US regulators of defrauding investors died in King Edward VII Memorial Hospital yesterday morning after taking an overdose of pills.
Bob Hagar, a Briton and long-time resident of the Island, w...
DATE: May 28, 2009
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AUTHOR:
Jonathan Kent
Premier Ewart Brown leaves Washington today believing proposed US legislation that could harm the Island's reinsurance industry does not have the necessary support to be enacted.
Should it become law, the Neal bill, proposed last year by Democratic R...
DATE: May 21, 2009
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AUTHOR:
Jonathan Kent
Dutch investigators have applied to a US court for its help in seeking more information in their investigation of the business dealings of Bermuda-based businessman John Deuss.
An application to collect evidence, filed in a Florida district court, sh...
DATE: May 21, 2009
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AUTHOR:
Jonathan Kent
Standard & Poor's yesterday changed its credit ratings outlook for Bermuda to negative from stable, citing risks stemming from the Island's banking system.
The New York-based rating agency affirmed Bermuda's AA long-term and A-1+ short-term sovereign...
DATE: May 16, 2009
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AUTHOR:
Jonathan Kent
Retailers took a severe blow from the economic downturn as their sales declined by 5.6 percent in February — or 11 percent after inflation is taken into account.
The March figures are likely to be even worse and the sector is certain to shed more job...
DATE: Apr 18, 2009
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AUTHOR:
Jonathan Kent
The Government backing that will allow Butterfield Bank to raise $200 million in extra capital does not amount to a bailout — after all, the bank made a profit last year.
That is the view of Butterfield's chief executive officer Alan Thompson, who to...
DATE: Mar 07, 2009
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AUTHOR:
Jonathan Kent
Capital G Bank revealed yesterday that it had received $20 million of new capital from its parent company to ensure the bank can withstand further economic turmoil.
The move came after extensive stress testing required by regulator the Bermuda Moneta...
DATE: Mar 07, 2009
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AUTHOR:
Jonathan Kent
Bermuda's top financial regulator Matthew Elderfield yesterday said he did not believe deposit insurance was necessary in Bermuda at this time — but he has been involved in talks with Government to discuss it.
The Bermuda Monetary Authority chief exe...
DATE: Mar 07, 2009
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AUTHOR:
Jonathan Kent
Shadow Finance Minister Bob Richards gave his full support to Government's financial backing of Butterfield Bank saying the move was necessary to bolster public confidence in the banking sector.
The United Bermuda Party MP said if he had been in the ...
DATE: Mar 07, 2009
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AUTHOR:
Jonathan Kent
