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A fine of $200,000 has been imposed on Colonial Pension Services Ltd after it breached a condition of its licence and committed multiple breaches of regulations. The Bermudian-based company said it had reported the matter to the Bermuda Monetary Auth...

A body representing Bermuda’s business community says the island needs to focus on growing its tax base of businesses and individuals, rather than increasing the tax burden on those already here. A similar message has come from Sean Whiting, owner of...

Butterfield Bank will be “intensely focused” on reducing expenses in the higher-cost jurisdictions where it has operations, during the next six months. Automation, and moving aspects of its business to Canada and Mauritius, are among cost-reduction m...

International law firm Walkers Bermuda has hired Shannon Dyer, a former Bermuda Monetary Authority legal counsel. Mr Dyer is now a senior associate in the insolvency and dispute resolution practice at Walkers Bermuda, a full service commercial law fi...

Standard & Poor’s Global Ratings has revised HSBC Bank Bermuda’s credit rating outlook to stable from negative, citing improving signs in the island’s economy. The ratings agency added that there was “no recent indication from its parent that it is l...

The Hamilton Parish Council will be hosting its first quality of life workshop, “Let’s Talk Money”, this evening. The talk will be given by senior business analyst Angela Joell, an education and investment manager in the Argus wealth management team....

Somers Ltd posted a $16.8 million loss in the last three months of last year, driven by a decrease in the market value of its investments and currency fluctuations. The loss resulted in a 4.6 per cent decrease in Somers’ net asset value per share dur...

Walkers Bermuda has for the first time been ranked in leading global legal directory, Chambers and Partners. In just three years of operation, Walkers Bermuda has thrived, building strong practices and an ever-increasing client base. In recognition o...

A drive to focus on professional development has succeeded in increasing the number of prospective directors available to serve Bermuda-registered companies, helping to enhance the island’s standing as a leading business centre. The Bermuda branch of...

The RG Business Top Ten Employers is marking its tenth anniversary by introducing a new partner and a new “Diversity and Inclusion Award” that all entrants are eligible to win. The event has evolved since its debut in 2009 into the island’s most prom...