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A Bermuda lawyer is to discuss the possible abolition of death taxes at a major international conference tomorrow. Peter Pearman, a director in the private client and trust department of Conyers Dill & Pearman, will examine death taxes being phased o...

Ratings agency Moody’s yesterday downgraded Bermuda Commercial Bank’s long term deposit and issuer ratings. The agency set BCB at Ba3, down from of the previous Ba2 rating, while its stand-alone baseline credit assessment dropped from ba2 to ba3 and ...

NEW YORK (Bloomberg) — Lazard Ltd, the investment bank domiciled in Bermuda, said fourth-quarter profit fell 8.1 per cent as currency fluctuations and market turmoil pushed asset-management and financial-advisory revenue lower. Earnings beat analysts...

A major sector of the banking industry in the Caymans could be wiped out by tough regulations designed to fight money-laundering. The number of Class B banks registered with the islands’ regulator has fallen by 14 to 184 over the last year alone. Cla...

Bermuda-based drinks giant Bacardi has demanded documents from US President Barack Obama in a row over a US decision to grant a licence to the Cuban government to use a trade name. Bacardi has filed a freedom of information request asking for documen...

International law firm Harneys has boosted its Bermuda corporate services business with a new hire. Kim Armstrong has joined the firm’s fiduciary services group as senior corporate administrator. Ms Armstrong has 16 years’ experience in corporate ser...

Business leaders have painted a bleak economic picture for 2016, according to a new survey by professional services firm PwC. And the level of worry about the future among company leaders is at its highest level for five years. The global confidence ...

Spirits giant Bacardi is to launch a bid to connect with millennials. And the firm has appointed a new global millennials manager to nurture young talent and keep the firm’s brands relevant to younger people. Now Nim de Swardt, 30, is aiming to get t...

Bermuda-based First Atlantic Commerce (FAC) has linked up with a tour management booking company in the Bahamas. The Island online payments provider is to work with RezBS, a Bahamian booking platform, to allow real time online credit card processing ...

International law firm Harneys has signed up five new lawyers for its Bermuda practice. And the firm said it planned to expand its on-Island team further in the coming months. Sarah-Jane Hurrion, Harneys’ managing partner, said: “Harneys’ growth in B...