Log In

Clarien Bank has expanded its private banking business and hired two new staff. Cyril Simmons is now senior private banker, while Carmen Adebiyi has been appointed private banking officer. Clarien head of private banking Clare Spearing said: “They ad...

The world’s biggest champagne house is to showcase Bermuda in a UK luxury lifestyle magazine. Moët & Chandon had planned to do a photoshoot in Miami for the six-page feature in Tatler — but after a visit to Bermuda by top executives for the America’s...

Bermuda Telephone Company (BTC) is to create 14 new jobs on the Island after the launch of a new apprenticeship scheme. The telecoms firm has taken on ten apprentices and will relocate four overseas internet service provider (ISP) specialist jobs bac...

A Bermudian architect turned entrepreneur is aiming to raise the roof in the US with a revolutionary new product. Andrew Outerbridge, a former planning official with the Bermuda Government who is now based in New Jersey, has set up a factory in Guyan...

A financial analyst who blew the whistle on Bermuda-based Gerova Financial Services four years ago yesterday said he felt “vindicated” now that seven men were last month charged in the US in connection with an alleged $16 million fraud involving the ...

Bermuda is outranked on a tax secrecy list by Britain, the US and the Cayman Islands. Bermuda is 34th in the rankings of 100 countries for tax — while the Cayman Islands ranks fifth on the list. Switzerland tops the list, followed by Hong Kong, the U...

A director of the Bermuda Monetary Authority (BMA) has quit his post. E Barclay Simmons stepped down after nearly nine years on the board of the Island’s financial regulator. Mr Simmons, who is also the manager of ASW Law, resigned from the board due...

Bermuda-based oil drilling rig operators Nabors yesterday posted a loss of $250.9 million for the third quarter of the year. The firm said the net income figure included the impairment of Nabors’ holdings in C&J Energy Services, which totalled $180.6...

The final stage of a $100 million redevelopment of the Hamilton Princess will start at the end of the week. The third phase of the massive revamp of the iconic hotel will include a new spa with both indoor and outdoor areas and a new gym with updated...

The Bank of Butterfield last night reported profits of $25.7 million for the third quarter of this year. Net income at the bank was up $2.9 million compared to the $22.8 million recorded in the third quarter of 2014. The news came as Brendan McDonagh...