76378 results returned for search: "" category "Business"
Bermuda-based Everest Re bucked the trend of many reinsurers when it said net income jumped 53 percent in the fourth quarter of 2010.
Everest posted a profit of $302.5 million, or $5.51 a share, up from $197.2 million, or $3.28 a share, a year earlie...
DATE: Feb 10, 2011
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CATEGORY:
Reinsurance
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Bermuda Commercial Bank (BCB) will have access to investment management services from Canadian firm IceCap Asset Management Ltd after the signing of a global investment advisory agreement.
BCB, which is focused solely on commercial, corporate and pri...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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Far from being “dead”, as is popularly believed, bank secrecy is actually still “vibrant”, according to the author of a new book on offshore “tax havens”.
In comments to OffshoreAlert, Nicholas Shaxson criticised the world’s major countries and the m...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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Shares of Butterfield Bank fell by five cents, or 3.84 percent, as The Royal Gazette/Bermuda Stock Exchange slipped by 1.25 percent (14.33 points) to a closing level of 1,136.37.
A total of 2,600 shares in the bank changed hands during the day, with ...
DATE: Feb 10, 2011
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CATEGORY:
Bermuda Stock Exchange
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Bermuda-based fund administrator Butterfield Fulcrum Group has been acquired by two of its former managers, Glenn Henderson and Tim Calveley, partnered by private-equity firm BV Investment Partners.
BFG, which was part owned by Butterfield Bank and p...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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NEW YORK (Reuters) Bailed-out insurer American International Group Inc said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers’ compensation.
I...
DATE: Feb 10, 2011
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CATEGORY:
Reinsurance
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Butterfield Bank shares rose four percent yesterday on light volume on the Bermuda Stock Exchange (BSX).
The bank climbed five cents to $1.30 on the trading of 470 shares.
Six of Butterfield’s preference shares also traded, with the price remaining u...
DATE: Feb 09, 2011
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg) Google Inc., squaring off against Apple Inc. in the smartphone market, opened a web browser-based applications market for users of its Android software.
The new store will let users buy apps on a desktop computer’s internet brows...
DATE: Feb 09, 2011
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CATEGORY:
Technology
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ZURICH (Reuters) UBS expects to win more client money for its wealth management business in 2011 and sees a rebound in the investment banking division whose losses almost felled it in the financial crisis.
Switzerland’s biggest bank said it had seen ...
DATE: Feb 09, 2011
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CATEGORY:
International Business
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LONDON (Reuters) Britain saddled banks with an extra £800 million ($1.3 billion) in tax yesterday, drawing protests from the industry as talks between bosses and ministers over bonuses and lending come to a head.
Chancellor of the Exchequer (finance ...
DATE: Feb 09, 2011
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CATEGORY:
International Business
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