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Contractor promises durable precast residential project for development at Dr Cann II Park

Bank to contribute at least $15,000 towards next month’s event

Housing minister says the arrangement with Bermuda Commercial Bank will advance work to build 84 units

Bank CEO explains why popular payment rail is less feasible on a small island, but other solutions exist

BCB already banks about 85 per cent of the island’s digital asset businesses using its technology

Subject to regulatory approvals, Andy Mielczarek will become chairman and chief executive

Previously groups including the police, firefighters and prison officers were excluded because of their retirement ages

The second phase of a government-backed mortgage guarantee programme will start in April, the Premier said in Friday’s Budget. David Burt, who is also the finance minister, said that Phase 2 of the Mortgage Guarantee Programme will allow public offic...

More than 90 people have signed up to a government programme to help them become homeowners since it was launched last month. Under the scheme, first-time mortgages will be guaranteed partially for up to a decade by the Government, with interest ...

In a year in which financial services investment holding company Somers Limited sold the Bermuda Commercial Bank, it has reported record net income and disclosed that most of the proceeds of the bank sale are in a loan to the buyer. Somers had report...

The net asset value per share of the financial services investment holding company, Somers Limited, has climbed from $19.78 at September 30 to $31.18 in the nine months to June 30. Shareholders’ equity improved a staggering 60.9 per cent from $422.1 ...

Somers Limited has completed the $72.8 million sale of Bermuda Commercial Bank to a new company led by Bermuda resident Chris Maybury. Somers said all conditions relating to the sale, first announced last November, of Bermuda Commercial Bank Limited...