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The Bank of Butterfield has announced profits of $77.7 million for 2015, down by $30.5 million compared to the previous year. The profit represents earnings per share of 12 cents, down from the 16 cents recorded in 2014. Michael Collins, Butterfield’...

Banks are suffering the biggest pressures since the recession hit in 2008, a report from professional services firm PwC said yesterday. A still struggling global economy, poor business performance and risk from cyberattacks as well as increased regul...

Bermuda’s business community believes that tackling the island’s debt mountain was key to revitalising the economy. Chamber of Commerce president John Wight said: “Government has a very challenging job to narrow the 2016-17 year deficit in order to m...

Everybody is talking about data. Where to store it, how best to capture it and in particular how to leverage it, for better market performance and future growth both in Bermuda and overseas. Executive management are hungry to be correctly informed. T...

Delegation. How often have you observed the person who believes that they can be all things to all people? They are the ones who can do everything! The only challenge with this is that they usually run out of time and energy. The key to success is t...

Business leaders will get an opportunity to learn more about the government’s Budget for the coming year at the Bermuda Chamber of Commerce’s annual Budget Breakfast on Monday. Bob Richards, the finance minister, will be at the event to talk about th...

Bermudians are worried about their ability to afford retirement, an expert from HSBC said yesterday. Renee Bullock-Cann, HSBC Bermuda head of retail banking, wealth management and marketing, said that a worldwide survey by the bank registering concer...

Bermuda’s inflation rate rose to 1.8 per cent in December, with an increase in gasoline prices at the pumps and the cost of wine among the factors impacting the cost of living. The inflation rate was up 0.4 per cent on the previous month. Although ga...

Bermuda was among offshore jurisdictions that came under the spotlight in an undercover probe by a charity into the movement of suspect funds into the US. An investigator from charity Global Witness, backed by Christian Aid, posed as the representati...

More than two-thirds of insurance company CEOs see technology as an opportunity, but also as a threat. Changing customer expectations means that data and analytics and relationship management systems are seen as ways to boost business. But nearly 80 ...