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Finance Minister Paula Cox yesterday called the sale of the Bank of Bermuda to multinational banking giant HSBC Plc a "watershed event in our continuing efforts to develop our country as a world class capital market".
Ms Cox spoke of the benefits for...
DATE: Feb 18, 2004
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The CEO of the HSBC Group arrived on the Island yesterday to have a look at his bank's latest acquisition ? the Bank of Bermuda.
The multinational banking giant's purchase of the bank was overwhelmingly approved by Bank of Bermuda shareholders at a s...
DATE: Feb 18, 2004
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hey all came ? the disabled, the sick, the old, the young, black, white, on crutches in wheelchairs and using sticks. Hundreds braved the high winds and rain outside to hear what was going to happen to their bank and cast their vote on whether to acc...
DATE: Feb 17, 2004
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Bank of Bermuda shareholders yesterday gave their “overwhelming approval” to the sale of the Island's largest bank to banking giant HSBC Plc.
A crowd of about 650 people, many of them senior citizens, packed into the Fairmont Hamilton Princess's Harb...
DATE: Feb 17, 2004
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Inside the hot and crowded ballroom at the Fairmont Hamilton Princess, shareholders were packed as tightly as sardines waiting for their chance to vote.
There was standing room only, with chairs pushed tightly together to get everyone in. At a raised...
DATE: Feb 17, 2004
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What has happened so far in the HSBC bid to take over the Bank of Bermuda :
• Summer, 2003. Rumours begin to circulate about the possibility of the Bank of Bermuda, the Island's largest financial institution, negotiating its sale to multinational ban...
DATE: Feb 17, 2004
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New Bermuda-based financial guaranty reinsurer Channel Re is up and running with funding and strong financial ratings from two leading rating agencies.
In a press statement issued on Friday, the company?s investors said Channel Re had received financ...
DATE: Feb 16, 2004
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Shareholders of Bank of Bermuda today voted overwhelmingly in favour of the proposed buy-out by HSBC, the world's second largest bank.
At just after 5.30 p.m. the bank's management announced the landslide victory - that 91 percent of those that voted...
DATE: Feb 16, 2004
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The Royal Gazette/Bermuda Stock Exchange index dipped 14 points last week after various stocks lost value during trading.
Bank of Butterfield, however, gained 25 cents during the week, after reaching its all time-high of $45 and back down again to cl...
DATE: Feb 16, 2004
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Bank of Bermuda shareholders could be losing out on an investment that has seen solid growth through the years and lack of volatility, not to speak of the quarterly dividend payments that many have become accustomed to, according to two local investm...
DATE: Feb 16, 2004
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