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Bermuda is “a step ahead” of the UK as it grapples with its exit from the European Union. Ariane West, a partner in law firm Taylors, in association with Walkers, said the island’s self-negotiated Solvency II equivalency status in Europe and work to ...

Butterfield Bank is eyeing acquisition opportunities in the trust industry after a successful debut for its shares on the New York Stock Exchange. Michael Collins, Butterfield’s chief executive officer, said the money the bank raises from the initial...

Bermuda made its mark on the New York Stock Exchange yesterday as Butterfield Bank sold its first US shares, a troupe of Gombeys took to the trading floor and Michael Dunkley rang the opening bell. It was all to mark Butterfield’s initial public offe...

Butterfield Bank’s initial public offering of shares on the New York Stock Exchange is scheduled to take place this morning. Last night the bank announced that the 10.6 million shares to go on sale will have an asking price of $23.50 per share — repr...

Butterfield Bank got off to a flying start with its initial public offering of shares in New York this morning. After Michael Dunkley, the Premier, and Michael Collins, Butterfield’s chief executive officer, rang the opening bell at the New York Sto...

Somers Ltd, parent company of Bermuda Commercial Bank, intends to buy a majority stake in Australian financial institution Resimac Ltd for $88.5 million. The Bermudian-based company announced it had agreed to acquire a 79 per cent stake in Resimac f...

A former top US basketball player and a writer for hit cartoon show The Simpsons are to take part in an alternative investment conference at the end of the month. Ex-Baltimore Bullets and New York Knicks player Earl “The Pearl” Monroe, now an entrepr...

In the investment management industry women account for only 20 per cent of the membership, compared with 34 per cent in the legal profession and 50 per cent of accountants. The comparatively low percentage of women in the investment management space...

The impact on Bermuda’s alternative investment management industry after the UK’s decision to quit the European Union is to be discussed this Friday. The Alternative Investment Management Association will look at the implications of Brexit, as well a...

The European Union has demanded Ireland claw back up to $14.5 billion in back taxes from tech giant Apple — a move that could impact on Bermuda. Yesterday an expert said that the ruling — the biggest ever under the EU’s state aid rules — may be part ...