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Bermuda dollar loans lent out by banks have hit a seven-year low, according to figures from the Island’s financial regulator. The Bermuda Monetary Authority’s latest Regulatory Update, released last week, shows Bermuda dollar-denominated loans, advan...

The KPMG Investment Challenge is under way — and CedarBridge Academy team Checkerboards are making the early running. Checkerboards’ virtual stock portfolio achieved the strongest growth of all 20 teams, putting them at the top of the rankings on the...

Finance Minister Bob Richards said that creating a public register showing beneficial ownership of companies would cause severe damage to the Island’s economy — unless others including the US, the UK and Canada are prepared to do the same thing. The ...

Investing in stocks systematically has its benefits — but global investment house Schroders believes that to generate consistent outperformance over time, human portfolio managers are still needed to work alongside the computers. Schroders puts those...

The parent company of dock services firm Stevedoring Services Ltd today reported an annual loss of $1.8 million for the year ended March 31, 2014. Polaris Holding Company Ltd said in a statement that much of the loss was down to a $1 million write-do...

Butterfield Bank’s third-quarter profit totalled $22.8 million — up by 5.5 percent from the same period of last year. Net income for the first nine months of the year increased by $5.7 million to $73.5 million, the bank said in a statement this after...

Damage from Hurricane Gonzalo could have been much worse — had the storm’s eye not passed directly over Bermuda and had Tropical Storm Fay not visited less than a week earlier. That is the view of experts from catastrophe modelling firm AIR Worldwide...

Banks are expecting more countries to require them to send details of their citizens’ overseas accounts. The US Fatca regulations, which took effect in July this year, require financial institutions in participating countries such as Bermuda to feed ...

Spending on information and communication technology (ICT) capital goods has fallen by half over the past five years, Government statistics reveal. Last year $70 million was spent on ICT goods, such as computers — down $22 million, or 24 percent, fro...

Hamilton Insurance Group is in exclusive talks with the parent company of Lloyd’s managing agent Sportscover Underwriting Ltd — and the parties expect to announce a deal soon. Hamilton CEO Brian Duperreault said he had been looking for the “right str...