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For 35 years, one of Bermuda’s leading international business groups has been providing educational scholarships to some of the Island’s top industry executives. Since 1977, the Association of Bermuda International Companies (ABIC) has helped several...

The Organisation for Economic Cooperation and Development (OECD) is ramping up its efforts to clamp down on offshore tax evasion. By next year, the OECD is aiming to set up a team called “Tax Inspectors Without Borders” to investigate cases of corpor...

RenaissanceRe has announced that the 2012 RenaissanceRe Undergraduate Scholarship has been awarded to Saltus Grammar School student, Daniel Pell. Mr Pell will be attending Waterloo University in the Fall to pursue a double degree in mathematics and b...

US banking giant JP Morgan is to close its private-equity office in Bermuda by the end of this year with the loss of 16 jobs, The Royal Gazette can reveal. According to a company spokesperson, the office will be relocated to Dallas where JP Morgan ha...

Bermuda is a cost-effective place for fund administrators to do business, the boss of Apex Fund Services Ltd has told international financial publication Hedgeweek. Peter Hughes told the publication’s June 2012 Bermuda Special Report that Bermuda sco...

Two Bermudian students are moving up in the financial regulatory world — as the Bermuda Monetary Authority’s star trainees complete the last leg of their graduate training programme (GTP). Vashun Blanchette and Treasa Fubler, will be the first two gr...

Bermuda-based Frontline Ltd, the world’s largest operator of supertankers, reported its first quarterly profit in a year, after charter rates for the ships rose. First-quarter net income was $7.18 million, or nine cents a share, compared with a fourt...

MOSCOW (Bloomberg) — Renaissance Capital, the investment bank whose holding company is in Bermuda, is cutting as much as 15 percent of its workforce as business slows, according to two people with knowledge of the matter. The jobs cuts are restricted...