49296 results returned for search: "" category ("Other" AND "Business")
LONDON (AP) — Lloyds Banking Group PLC confirmed yesterday that it was in advanced negotiations with the government to raise new capital to avoid making taxpayers the majority owner of the bank.
Published reports have suggested the bank will seek to ...
DATE: Oct 30, 2009
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Finance Minister Paula Cox agrees with UK Treasury investigator Michael Foot's conclusion that a more diversified tax base could help to defend Bermuda against the impact of economic shocks.
She added that Bermuda had "fared relatively well" in the r...
DATE: Oct 30, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Hiscox Ltd.'s subsidiaries have been affirmed the financial strength ratings (FSRs) of A (excellent) and issuer credit ratings (ICRs) of "a" by AM Best.
Hiscox Insurance Company (Bermuda) Ltd. (Hiscox Bermuda), Hiscox Insurance Co. Ltd....
DATE: Oct 30, 2009
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LONDON (Reuters) - Top investors around the world rebuilt equity holdings during a shaky October for stock markets, boosting allocations from September's 7-month low and cutting bond positions to their lowest since December 2008, a Reuters poll showe...
DATE: Oct 30, 2009
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A British Treasury minister yesterday said UK offshore financial centres like Bermuda should broaden their tax bases to better withstand economic shocks.
The comments from Stephen Timms, a junior UK finance minister, came after the publication of a r...
DATE: Oct 30, 2009
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CATEGORY:
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AUTHOR:
Jonathan Kent
Financial regulator the Bermuda Monetary Authority is in talks with Government on ways to protect bank customers' deposits.
Yesterday, the BMA said it had been working on "suggestions for design principles of deposit protection" — one of the issues m...
DATE: Oct 30, 2009
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Net income: $153.8 million compared to a net loss of $99.4 million in 2008
Combined ratio: 79.5 percent compared to 112.6 percent in 2008
Gross premiums written: $469.6 million compared to $624.1 million in 2008
DATE: Oct 30, 2009
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LONDON (Reuters) - British mortgage approvals for house purchases rose faster than expected in September to their highest in 18 months, but consumers continued to cut back on unsecured borrowing for a third consecutive month.
The Bank of England will...
DATE: Oct 30, 2009
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The Chamber of Commerce has welcomed the news that the US economy grew by 3.5 percent over the last quarter, but is cautiously optimistic about what this will mean for Bermuda.
Stephen Todd, president of the Chamber, said he would like to see a susta...
DATE: Oct 30, 2009
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FRANKFURT (Bloomberg) — A manager of Germany's K1 hedge fund was arrested yesterday as part of an investigation into the group, a prosecutor said.
Prosecutors in Wuerzburg, Germany, are investigating the 50-year-old man and other suspects for fraud a...
DATE: Oct 30, 2009
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