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Bermuda Commercial Bank Ltd, BCB Paragon Trust Ltd along with well-known cyclist Neil de ste Croix are among those being sued because of the alleged “brazen and extraordinary breach of their fiduciary and contractual obligations” which resulted in th...

Bermuda is in prime position to capitalise on China’s booming economy, a top trust fund adviser told a conference yesterday. Joe Field, of London-based global law firm Withers, told the conference that the Island’s trust fund industry could prove att...

Global assets under management will top the $100 trillion mark by 2020, according to a new report by professional services firm PwC. And the industry will come out of the shadows of related businesses like banking and insurance and move to centre sta...

The Huffington Post is reporting that three Bermuda subsidiaries of Microsoft Corp are involved in a tax inquiry launched by “another country”, according to documents made public by the Bermuda Supreme Court. But it adds that once the inquiry was fir...

A Bermuda-based asset manager says his investment company will “vigorously defend itself” after being accused in a complaint by US regulators that it made more than $1.3 million in allegedly illegal short-selling share trading. Christopher Kuchanny a...

By Raymond Hainey A new wave of nations could provide a fresh source of business for global insurance and reinsurance firms in Bermuda. A new report by financial services firm EY said that Asian countries China, with Hong Kong, Malaysia and Indonesi...

International business is to launch a drive to highlight the sector’s importance to the Island’s economy. And it is hoped the new campaign will encourage Bermuda residents to pull together to attract new companies to Bermuda and boost its bottom line...