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The US Internal Revenue Service (IRS) is to take an American company with a Bermudian arm to court in a bid to tax a $357 million loan. And — if the US taxman is successful — the case could have wide-reaching implications for other major US firms th...

The head of Bermuda-based Jardine Matheson yesterday wrote to the UK’s Financial Times to back a No vote in the referendum on Scottish independence. Sir Henry Keswick, the chairman of Jardine Matheson Holdings, a huge conglomerate involved in a vari...

By Raymond Hainey A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog. And an end to a loophole where internet giants Google can channel billions of dollars of profits earned elsewhere to Bermuda has been...

A delegation from Bermuda went to Mexico City to make new trust business ties. The 12-strong group attended a series of targeted meetings as well as the STEP (Society of Trust and Estate Practitioners) Latin American Conference in Mexico City on Sept...

Bermuda companies accounted for $7.86 billion worth of deals in the second quarter of this year amid rising global merger and acquisition (M&A) activity, it was revealed yesterday. The total of 88 transactions on the Island averaged out at $89 millio...

The Caymans subsidiary of Bermuda telecoms firm KeyTech has made at least a dozen people redundant from a recently-bought cable company. KeyTech’s Logic took over rival cable firm WestStar only last week, selling off BTC in Bermuda to a group of inve...

Peter Everson said: “Bermuda always prospers when other countries face uncertainty,” pointing to the US War of Independence; US Civil War, First World War and Second World War, all of which provided economic benefits to the Island, primarily in its r...

Apex Fund Services founder Peter Hughes has stepped down as chief executive officer after running the company for ten years. Apex today named Bill Salus as the new man at the helm, with immediate effect, while Mr Hughes will become chairman. From its...

A top Brazilian lawyer has been appointed as a director of Clarien Bank. Ronaldo Veirano, a founding partner of one of Brazil’s leading law firms, is an expert in regulatory law and international trade. He has been decorated by the Brazilian governme...

The parent company of Bermuda Commercial Bank said profit more than tripled to $15.3 million during the first nine months of its fiscal year. Somers Ltd, whose investments also include stakes in several financial services firms in the UK and Ireland,...