49296 results returned for search: "" category ("Other" AND "Business")
Workers at the Bank of Bermuda met with CEO Henry Smith to get the low down on the possible $1.3 billion sell-out to HSBC yesterday ? and questioned why they would only be paid $45 a share.
A number of staff members who spoke to anonymously last nigh...
DATE: Oct 30, 2003
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Data protection legislation could help Bermuda's international business get new contracts abroad, E-commerce guru Nigel Hickson said yesterday.
Government is seeking feedback about new data protection laws which could be enacted this summer.
The Gove...
DATE: Oct 30, 2003
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The Royal Gazette/Bermuda Stock Exchange Index gained 19.67 points, 0.12 percent, to close yesterday at 2761.34.
Shares of Bank of NT Butterfield rose two percent, or 75 cents, to close at $39, while share values for LOM (Holdings) Limited rose 7.1 p...
DATE: Oct 30, 2003
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Multinational bank HSBC said the Bank of Bermuda's very successful fund administration arm - Global Fund Services - and private banking business were compelling motivators in its bid to purchase the Island's largest financial institution.
HSBC group ...
DATE: Oct 29, 2003
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It is time for Bank of Bermuda employees to unionise, said Bermuda Industrial Union president Derrick Burgess.
Speaking just hours after the bank confirmed it was being bought by HSBC, Mr. Burgess criticised the deal, saying it could well come at a c...
DATE: Oct 29, 2003
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(Bloomberg) - ACE Ltd., a Bermuda-based business insurer, earned $355 million in the third quarter as it raised premiums.
Net income was $1.22 a share, compared with a net loss of $57 million, or 24 cents a share, in the same period a year ago, the c...
DATE: Oct 29, 2003
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Bermuda's largest bank, the Bank of Bermuda, has approved a takeover bid by multi-national bank HSBC Holdings Plc - the world's second largest bank by market value - for $1.3 billion.
But the move doesn't come without costs for the Bank of Bermuda in...
DATE: Oct 29, 2003
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HSBC Holdings Plc, which yesterday agreed to take over the Bank of Bermuda for $1.3 billion, is the world's second largest bank.
In terms of assets, earnings, and market capitalisation, it dwarfs Bermuda's largest bank.
The Hong Kong and Shanghai Ban...
DATE: Oct 29, 2003
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Financial analysts in New York and London yesterday threw their support behind HSBC's takeover of the Bank of Bermuda, saying it made sense for the world's second-largest bank.
Michael Gifford, who helps manage 1.6 billion of UK equities at Canada Li...
DATE: Oct 29, 2003
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Bank of Bermuda customers will have access to a much wider international network of banking services after the bank's sale to multinational HSBC.
This was according to HSBC group general manager Iain Stewart, who was on the Island yesterday to partic...
DATE: Oct 29, 2003
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