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What is the counterparty risk in your investments? Sounds kind of like the colloquial Bermudian greeting, "Whose ya' family?" But, this is a serious question with serious overtones that certainly was not in the average investor's vocabulary a year ag...

Butterfield Bank continued its recent descent by dropping 25 cents (1.94 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday. The bank closed on $12.60, with 47,446 shares traded. The only other trader was also in the banking s...

You have fallen over and are lying on the floor, unable to get up. Meanwhile, the fuse on a large pile of dynamite has been lit 50 feet from you. It will, at the least, maim you if you do not get up and extinguish the fuse. You go through your pocket...

NEW YORK (AP) - Financial markets remained on edge yesterday after the Bush administration's proposal for a $700 billion banking bailout ran into opposition from Republican lawmakers. Stocks ended mixed, with big financial companies lifting the Dow J...

TORONTO (Reuters) - The Toronto Stock Exchange's main index slumped more than three percent yesterday, battered by a sell-off in Research In Motion, tumbling resource shares and uncertainty over the US financial rescue plan. Tech bellwether RIM set t...

AMSTERDAM (Bloomberg) — Fortis, the financial-services company that set out in June to raise 8.3 billion euros ($12.2 billion) to bolster capital, fell the most since it was formed 18 years ago on concern it needs help with funding. "The rumours abou...

TORONTO (Reuters) - The Toronto Stock Exchange's main index logged a small gain yesterday as oils strengthened and financials rose as the US Congress appeared close to an agreement on a financial industry bailout plan, but gains were dampened by weak...

MONTREAL (Bloomberg) — Bank of Canada Governor Mark Carney said while domestic banks are faring well amid the crisis in US financial markets, demand for Canada's products may drop more than anticipated and inflation may slow. "The current situation p...

Axis Capital Holdings Ltd. may have to pay as much as $430 million for claims from Hurricanes Gustav and Ike, the Bermuda reinsurer said yesterday. And the company also said it exects to realise a loss of $60 million related to the US government take...

Ratings agency A.M. Best Co. yesterday affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of "a+" of Lloyd's Syndicate 2003 (United Kingdom), which is managed by the Bermuda-based Catlin Group Ltd. Best said the ra...