49296 results returned for search: "" category ("Other" AND "Business")
WASHINGTON (Reuters) - US regulators failed to spot how much risk insurer AIG was piling on, and by the time they understood, they had no choice but to pour in tens of billions of public dollars, officials said yesterday.
At a Senate Banking Committe...
DATE: Mar 06, 2009
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PricewaterhouseCoopers LLP ands its Bermuda affiliate have agreed to pay New Jersey $5.85 million to resolve allegations of fraud and accounting improprieties at Bermuda-based Tyco International Ltd.
According to a report on news website NorthJersey....
DATE: Mar 06, 2009
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The Royal Gazette/Bermuda Stock Exchange Index (BSX) traded 780 shares worth $5,662.25 yesterday, but it closed the day unchanged on 2,704.3.
Butterfield Bank was the only trader, seeing 780 shares change hands, but its share price held firm at $7.25...
DATE: Mar 06, 2009
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Almost three-quarters of the Bank of Bermuda's employees are women — and chief executive officer Philip Butterfield wants to see more female representation in the upper echelons of management.
The bank has introduced several means of encouraging its ...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
Bank of Bermuda's net profits rocketed by more than 20 percent last year, the HSBC-owned institution has announced.
The bank's consolidated net profit for 2008 soared to $348 million, up 21 percent compared to the previous year, when the bank made $2...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
TORONTO (Reuters) - Toronto's main stock index closed lower yesterday, relinquishing all the gains made during the previous session, as nagging concerns about the global economic outlook shook the resource-heavy index.
Financial issues headlined the ...
DATE: Mar 06, 2009
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LONDON (Bloomberg) — Golden Ocean Group Ltd., a commodity shipping line that warned last month it was running out of cash, said its largest shareholder paid at least $40 million for an issue of convertible bonds at 30 percent of their face value.
Hem...
DATE: Mar 06, 2009
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XL Capital Ltd. chairman Brian O'Hara will not stand for re-election to the company's board of directors at next month's annual general meeting.
The announcement marks the end of a 23-year association between the Bermuda business insurer and Mr. O'Ha...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) — American International Group Inc., the insurer that got four bailouts from the federal government, has been the subject of complaints from rivals who say the firm is underpricing commercial coverage, a regulator said.
Competito...
DATE: Mar 06, 2009
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Bermuda-based Argo Group International Holdings Ltd. has renewed and expanded its revolving credit facility to $100 million.
The property and casualty reinsurer's existing facility, which was set to expire today, has now been replaced by a new, 364-d...
DATE: Mar 06, 2009
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