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HSBC Bermuda posted net profit of $139 million for last year — down by $1 million from 2017, after one-off items were stripped out. The bank said that total operating income before loan impairment charges was $280 million, consistent with 2017. Incre...

Butterfield Bank shares improved 65 cents, or 1.6 per cent, to $41 after 3,300 traded on The Royal Gazette/BSX Index. On the New York Stock Exchange, the bank’s shares were up 23 cents, or 0.56 per cent, at $41.23. Meanwhile, on the local exchange, 5...

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...