2353 results returned for search: "" category "Other" author 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
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Butterfield Bank's current share price makes it ripe for takeover — and it would be a "good fit" for one of the top Canadian banks.
That is the view of Jeremy Dyck, an investment adviser with LOM Securities (Bahamas) Ltd., who follows the 150-year-ol...
DATE: Mar 02, 2010
|
CATEGORY:
Other
|
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
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Higher employment costs for companies resulting from the payroll tax increase announced in Friday's Budget are likely to result in higher prices for consumers, according to one prominent local boss.
Charles Gosling, managing director of beverage comp...
DATE: Mar 01, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Billionaire investor Wilbur Ross has sold his entire 8.9 percent stake in Montpelier Re Holdings Ltd. back to the Bermuda reinsurer.
Montpelier announced after the close of regular New York Stock Exchange trading on Friday that it had purchased Mr. R...
DATE: Mar 01, 2010
|
CATEGORY:
Other
|
AUTHOR:
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
|
CATEGORY:
Other
|
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
|
CATEGORY:
Other
|
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
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
Climate change is a major concern on the minds of global insurance bosses, according to Axis Capital Holdings Ltd. chairman Michael Butt.
Many big insurance companies are working closely with scientists, as they try to arm themselves with as much kno...
DATE: Feb 25, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
The World Insurance Forum (WIF) is coming back to Bermuda with a brand new format and a host of international industry leaders signed up for its discussion panels.
After the eighth conference was held in Dubai in 2008 — the first time it had been sta...
DATE: Feb 23, 2010
|
CATEGORY:
Other
|
AUTHOR:
Jonathan Kent
