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Butterfield Bank dropped 10 cents (0.86 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank fell to $11.50 with 2,917 shares traded.
Other traders included Argus Group Holdings Ltd. (9,500 shares), KeyTech Ltd. (1,900...
DATE: Nov 15, 2008
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Ethics, personal fiduciary responsibility, and faith. Can these (or do they) co-exist in the corporate profit driven world of today? A question difficult to answer.
What has been evident throughout this intense time in the United States is that a new...
DATE: Nov 15, 2008
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How many times do we have to tell you? NO BONUS. That's the conclusion of a remarkable story Bloomberg carried this week on Americans' reactions to banks and securities firms that are still planning on giving out annual bonuses.
Americans, it seems, ...
DATE: Nov 15, 2008
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The high cost of capital is making it difficult for mergers and acquisitions (M&A) to go ahead in today's tough financial market.
That is the view of Don Kramer, chairman and chief executive officer of Ariel Re, a panellist at the Bermuda Insurance 2...
DATE: Nov 14, 2008
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PALM DESERT (Reuters) - Chrysler LLC needs federal funding and an alliance with other automakers in the US or abroad to ride out a crisis caused by collapsing demand that is threatening its survival, chief executive Bob Nardelli said yesterday.
Narde...
DATE: Nov 14, 2008
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WASHINGTON (AP) — Congressional Democrats are marshalling support for a rescue package to pump $25 billion in emergency loans to US automakers in exchange for a government ownership stake in Detroit's car companies.
That may lead them into a showdown...
DATE: Nov 14, 2008
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LONDON (Bloomberg) — Bermuda-based Catlin Group Plc, owner of the largest insurance unit at Lloyd's of London, said premium revenue rose in the first nine months of the year as international sales climbed.
Gross written premiums advanced 4.5 percent ...
DATE: Nov 14, 2008
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John Wight, president and CEO of the BF&M Insurance Group, has been elected as the chairman of the Council of the Institute of Chartered Accountants of Bermuda (ICAB).
Mr. Wight takes over the post from William Jack, who died earlier this year, throu...
DATE: Nov 14, 2008
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It was a tale of two banks on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
Bermuda Commercial Bank Ltd. saw its stock price rise $2 (22.22 percent) to $11, with 400 shares traded.
But Butterfield Bank's share value sunk 10 cents (0...
DATE: Nov 14, 2008
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Bermuda's insurance industry is a good source of capital to the US and American legislators would be foolish to cut off that supply by changing the tax rules, according to the Island's top financial regulator Matthew Elderfield.
Mr. Elderfield, CEO o...
DATE: Nov 14, 2008
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