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HSBC Bermuda has had its outlook revised to negative from stable as part of an overall ratings review of the global banking group by Standard & Poor’s. S&P said it affirmed its ‘A+/A-1’ ratings on “highly strategic” subsidiary HSBC Bank Bermuda Ltd, ...

Business advisory group KRyS Global has announced two new appointments within its Bermuda office. The firm, which focuses on corporate recovery, insolvency, forensic accounting and business advisory services, has appointed Wesley Edwards to senior ma...

Legal services firm MJM Ltd yesterday announced it had appointed Jeremy Leese as a senior corporate lawyer. He will work closely with Peter Martin, who leads the international corporate practice group. Mr Leese is a corporate lawyer with nearly 20 ...

Premier Paula Cox gave a mild rebuke last night to a British Member of Parliament who suggested if Bermuda wants the UK to keep providing its defence, it should change its tax policies to stop corporations using the Island to avoid UK taxes. Labour M...

The Cayman Islands has scrapped plans to implement the territory’s first-ever income tax on thousands of expatriates working there after a massive public outcry over the proposal. In a dramatic U-turn, Cayman Premier McKeeva Bush issued a terse stat...

A new report shows that Bermuda is second to the Cayman Islands when it comes to the number of offshore mergers and acquisitions (M&A) made in the second quarter of this year, but not when it comes to the financial sector. Offshore-i, Appleby’s quart...

Some of Bermuda’s top international business students received support for their studies this weekend at the Association of Bermuda International Companies (ABIC) Education Awards’ annual luncheon. The ceremony, which was held on Sunday at the Harbo...

Premier Paula Cox last night accused Cayman Premier McKeeva Bush of making disparaging remarks about rival jurisdictions to cover up problems in his own country. Ms Cox was answering questions from The Royal Gazette following Cayman’s decision to lev...

Bermuda may be looking better and better in its battle for international business with the Cayman Islands. The government of the Cayman Islands on Wednesday announced it will, for the first time, impose a payroll tax — but only on expatriate workers...

Bermuda’s Meridian Fund Services has been named the best hedge fund administrator in North America by Hedgeweek. Meridian’s Bermuda-based CEO Tom Davis, in a special report in the magazine’s July issue, attributes the company’s success and high level...