49296 results returned for search: "" category ("Other" AND "Business")
HSBC's takeover of the Bank of Bermuda is a lock, stock and barrel deal including the group's significant holding of Bermuda property.
Chief operations officer Philip Butterfield yesterday told The Royal Gazette that once the deal was closed, HSBC wo...
DATE: Oct 31, 2003
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Reinsurer Montpelier Re Holdings Ltd. this week announced its net income for the third quarter more than tripled as it emerged unscathed from the 2003 hurricane season.
Montpelier, which was formed in the wake of the September 11, 2001 terrorist atta...
DATE: Oct 31, 2003
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Barbados and the United States are still renegotiating their tax treaty, which has come under fire for enabling US companies to perform "corporate inversions".
A story in the Barbados Advocate this week said that after failing to "revise" the accord ...
DATE: Oct 31, 2003
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A Bank of Bermuda investor yesterday charged that its shareholders were being "robbed" in the sale of the Bermuda's largest financial institution to HSBC Plc.
"Management of the bank is selling the company for a $40 per share price which is significa...
DATE: Oct 31, 2003
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Bank of Bermuda chief operations officer Philip Butterfield said $45 per share was a fair price for the sale of the Island's largest financial institution to multinational bank HSBC ? and was in line with the price being paid in other recent bank acq...
DATE: Oct 31, 2003
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HSBC was the only suitor after the Bank of Bermuda, chief operations officer Philip Butterfield said yesterday.
Multinational bank HSBC has all but inked the deal to completely takeover the Bank of Bermuda, after it was announced on Tuesday that the ...
DATE: Oct 31, 2003
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Masters Limited on Wednesday announced net income of $768,339 for the six-month period ending July 31, 2003, a gain of $83,018, or 12.1 percent, over the same period last year.
The increase in earnings arose from increased activity in the company's r...
DATE: Oct 31, 2003
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In the three years since he joined the Bank of Bermuda, Philip Butterfield has seen the organisation adapt to a changed business climate, undergo a public offering on the Nasdaq and last but not least, be sold.
But far from trying to catch his breath...
DATE: Oct 31, 2003
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The Bank of Bermuda's sale to HSBC could result in up to 250 job cuts in its Bermuda operation, but won't result in an influx of expatriate workers from the multinational banking giant.
The deal, announced on Tuesday, will see HSBC ? the second large...
DATE: Oct 31, 2003
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While Bank of Bermuda shareholders question whether or not they are getting a fair price for their investment, a local investment advisor has cited the deal as paving the way to an excellent investment opportunity with HSBC.
The Bank, in announcing T...
DATE: Oct 30, 2003
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