123 results returned for search: "" category "Banking"
The Bermuda Tourism Authority is studying an economic impact report from last October’s PGA Tour Butterfield Bermuda Championship.
The report lays out economic benefits from the professional golf event held under the auspices of the PGA Tour and the ...
DATE: May 19, 2022
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
Among the high-powered speakers for the Bermuda Climate Summit next week, Tuesday May 24 at Rosewood Bermuda, will be Stuart Kirk, global head of responsible investments and global head of research and insights at HSBC Asset Management.
A former jour...
DATE: May 17, 2022
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
Only one Bermuda bank has taken action since the largest interest rate hike by the Federal Reserve in more than two decades.
The midweek hike of 50-basis points in the US Federal Funds Rate led to near immediate action from Butterfield Bank, raising ...
DATE: May 09, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
Butterfield Bank raised its interest rates on loans and selected deposits in response to yesterday’s increase in the US Federal Funds Rate
DATE: May 06, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
A Supreme Court judgment against a Bermuda subsidiary of banking giant Credit Suisse will cost them some $600 million, the bank said in its first-quarter financial report today.
The judgment relates to life insurance policies of a client of Credi...
DATE: May 06, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
HSBC Bermuda has become the first island bank to offer web chat to customers, connecting them directly to agents via the HSBC website and internet banking platform.
Web chat allows HSBC customers to initiate a chat to ask general questions or get he...
DATE: May 02, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
The hits just keep on coming for Credit Suisse, with an announcement of an anticipated first-quarter loss for the bank, after taking a $210-million charge for exposure to the Russia-Ukraine war.
This, some weeks after stating that it had to reserve s...
DATE: Apr 21, 2022
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
A jurisdictional resolution as to where to settle internal disputes at HSBC Holdings plc, which was to be voted on at the bank’s annual meeting this month, has now been put on hold, according to a filing with the Bermuda Stock Exchange.
Resolution 17...
DATE: Apr 20, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
Banks’ ratio of Bermuda dollar loans to deposits plunged in 2021 as personal savings increased and the amount being lent dropped
DATE: Apr 06, 2022
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CATEGORY:
Banking
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AUTHOR:
David Fox, Business Editor
Butterfield Bank has ruled out an interest rate increase after the US Federal Funds Rate was raised 25 basis points yesterday
DATE: Mar 17, 2022
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CATEGORY:
Banking
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AUTHOR:
Business Staff
