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Butterfield Bank’s second-quarter net income declined by more than $11 million year over year due to a number of restructuring initiatives. Net income for the quarter was $38.6 million, compared to $49.7 million in the second quarter of 2018, and $52...

Shares of Butterfield Bank rose 0.7 per cent in Bermuda Stock Exchange trading. The bank gained 24 cents to close on $33.34 as 300 shares changed hands. The day after Butterfield announced net income of more than $38.6 million for the second quarter,...

Economist Robert Stubbs will give a public presentation on how the island’s economy can be rejuvenated. Wednesday evening’s presentation, entitled “Building an Economic Roadmap to Bermuda’s Future” will detail an economic stimulus programme for Bermu...

Aviation finance lawyer Angela Atherden is flying high. Ms Atherden, who is counsel at Conyers’ Bermuda office, has been recognised as a “rising star” by Airfinance Journal, a market-leading financial publication of the global aircraft and aviation b...

Fintech firm Circle is to set up shop in Bermuda with the creation of more than 30 new jobs in the next two years. And the US-based firm said its Bermuda operation would be the springboard for a worldwide drive to secure a major chunk of a global cry...

Shares of Ascendant Group rose by nearly 25 per cent as the company announced a special shareholders meeting on August 9 to consider its proposed sale to Algonquin Power & Utilities Corporation. The company, owner of power utility Belco, gained $5.99...

Two of Bermuda’s longest established law firms, and one of its newest, have been ranked in the annual Chambers High Net Worth Guide. Conyers Bermuda’s private client and trusts practice has been recognised as Band 1, the top ranking available, in the...

An historic Bermuda property is proving popular with visitors seeking a luxurious, short-term private vacation rental. Sandymount, situated on 2½ waterfront acres on the north shore at Bailey’s Bay, has four bedrooms, four bathrooms, three living roo...

A seminar for entrepreneurs about how to fail fast, pivot quickly and bounce back, has been hailed a success. Hosted by the Bermuda Economic Development Corporation, the government agency that supports entrepreneurs, the seminar attracted 50 attendee...

Bermudian-based insurance holding company American Overseas Group Ltd has reported a net loss of $3.2 million and an operating loss of $600,000 for the year ended December 31. The results were announced on Friday in a regulatory filing with the Bermu...