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The Bank of Butterfield has announced profits of $77.7 million for 2015, down by $30.5 million compared to the previous year. The profit represents earnings per share of 12 cents, down from the 16 cents recorded in 2014. Michael Collins, Butterfield’...

Banks are suffering the biggest pressures since the recession hit in 2008, a report from professional services firm PwC said yesterday. A still struggling global economy, poor business performance and risk from cyberattacks as well as increased regul...

Bermuda’s business community believes that tackling the island’s debt mountain was key to revitalising the economy. Chamber of Commerce president John Wight said: “Government has a very challenging job to narrow the 2016-17 year deficit in order to m...

Bermudians are worried about their ability to afford retirement, an expert from HSBC said yesterday. Renee Bullock-Cann, HSBC Bermuda head of retail banking, wealth management and marketing, said that a worldwide survey by the bank registering concer...

Bermuda was among offshore jurisdictions that came under the spotlight in an undercover probe by a charity into the movement of suspect funds into the US. An investigator from charity Global Witness, backed by Christian Aid, posed as the representati...

More than two-thirds of insurance company CEOs see technology as an opportunity, but also as a threat. Changing customer expectations means that data and analytics and relationship management systems are seen as ways to boost business. But nearly 80 ...

A new scheme to train compliance officers for Bermuda businesses is to start in April. The programme, which is a first for offshore jurisdictions, will prepare students to work in the investment and financial world as in-house regulators. The scheme ...

A clone company using the name of a legitimate Bermuda-based firm is suspected to be operating. Kuva Limited, which is found at www.kuvaltd.com, promotes an investment firm which falsely claims to be regulated by the Bermuda Monetary Authority (BMA)....

A clone company using the name of a legitimate Bermuda-based firm is suspected to be operating. Kuva Limited, which is found at www.kuvaltd.com, promotes an investment firm which falsely claims to be regulated by the Bermuda Monetary Authority (BMA)....

International charity Oxfam has called for a clampdown on tax havens. A special report by the charity said that there had been an increase in rich individuals and companies using offshore jurisdictions “to avoid paying their fair share to society.” A...