2353 results returned for search: "" category "Other" author Jonathan Kent
Businessman and former Premier Sir John Swan approves of the capital-raising deal between Butterfield Bank and Government - so much so that he intends to invest in it.
Sir John yesterday said the $200 million of preferred stock being sold by Butterfi...
DATE: Mar 10, 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
Almost three-quarters of the Bank of Bermuda's employees are women — and chief executive officer Philip Butterfield wants to see more female representation in the upper echelons of management.
The bank has introduced several means of encouraging its ...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank is to receive a $200 million commitment of extra capital from the Government to ensure that it will be well positioned to withstand a severe economic downturn.
The bank, which also announced it made a net profit of $4.8 million in 20...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
Bank of Bermuda's net profits rocketed by more than 20 percent last year, the HSBC-owned institution has announced.
The bank's consolidated net profit for 2008 soared to $348 million, up 21 percent compared to the previous year, when the bank made $2...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
XL Capital Ltd. chairman Brian O'Hara will not stand for re-election to the company's board of directors at next month's annual general meeting.
The announcement marks the end of a 23-year association between the Bermuda business insurer and Mr. O'Ha...
DATE: Mar 06, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Bank of Bermuda chief executive officer Philip Butterfield said yesterday that stress tests on banks that have been requested by the Island's financial regulators are "essential".
The Bermuda Monetary Authority announced in its 2009 Business Plan tha...
DATE: Mar 06, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
