77160 results returned for search: "" category "Business"
NEW YORK (Reuters) JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff’s Ponzi scheme of doing an end run around the law in pursuing his case, and said it has a right to a jury trial.
The second-largest US bank ...
DATE: Feb 10, 2011
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CATEGORY:
International Business
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Endurance Specialty Holdings became the latest Bermuda reinsurer to report that catastrophes in 2010 had lowered its earnings when it said its fourth quarter profit dropped 28 percent and its annual net income fell by 31 percent.
Endurance said fourt...
DATE: Feb 10, 2011
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CATEGORY:
Reinsurance
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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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