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Clarien Bank has launched its eighth annual Holiday GiveBack programme, a donation initiative that encourages Clarien employees, customers and the entire community collaboratively to provide assistance to local charitable efforts during the season of...

Banks are expecting more countries to require them to send details of their citizens’ overseas accounts. The US Fatca regulations, which took effect in July this year, require financial institutions in participating countries such as Bermuda to feed ...

Clarien remained the most heavily invested of Bermuda’s banks in loans to customers at 77 percent of assets, according to the 2014 KPMG in Bermuda Banking Survey, which is out today. The report contains the results of KPMG’s annual survey and analysi...

A rating agency brought the hammer down on Bermuda’s banking sector yesterday with a bad report card citing projected credit losses of more than a billion dollars, for a period not ending for another two years. Standard & Poor’s took various ratings ...

NEW JERSEY, GENEVA (Bloomberg) — Thirteen Swiss banks face rising stakes in their own criminal inquiries after Credit Suisse Group AG set a new standard for punishment in the US crackdown on offshore tax evasion. Julius Baer Group Ltd., Zuercher Kant...

Bankers have declined an opportunity to reply to an attack by Finance Minister Bob Richards on their lending and interest policies as a drag on Bermuda’s recovery from recession. Bermuda Bankers’ Association chief Brendan McDonagh, the chairman and C...

Bermuda’s banks are a drag on the Island’s recovery from recession, Finance Minister Bob Richards said. And he said the sector’s get-tough policy on lending and tiny deposit interest rates were “at odds with Bermuda’s national interests” — and added ...