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BRUSSELS (Reuters) European Union states will be left with little “wriggle room” under plans by the bloc's executive to turn globally agreed tougher bank rules for more than 8,000 lenders into law. The accord, known as Basel III, was endorsed by worl...

LONDON (Bloomberg) HSBC Holdings Plc, the UK bank that made more than half of its profit in Asia last year, aims to add at least 2,000 employees in China and Singapore in the next five years to target wealthy individuals in the region. The London-bas...

Butterfield Bank fell 2.98 percent (four cents) to $1.30 on The Bermuda Stock Exchange (BSX) yesterday. The bank traded 29,700 shares during the day. The Ascendant Group Ltd also declined 0.35 percent (five cents) to $14.05 with 2,000 shares changing...

Argus Group Holdings Ltd was the biggest loser on the Bermuda Stock Exchange (BSX) last week. The insurer dropped 9.6 percent (48 cents) to $4.50 with 1,715 shares traded. Fellow insurance company BF&M Ltd also fell 2.7 percent (40 cents) to $14.60 a...

The Texas State House of Representatives has voiced its opposition to a proposal that would impose a higher rate of US taxation on Bermudian and other non-US reinsurers. The proposal is included in President Barack Obama’s 2012 budget, is based on le...

Bermuda-based Fund administrator Prime Management Ltd has become a Bermuda Stock Exchange (BSX) listing sponsor. This will enable the firm to sponsor the listing of catastrophe bonds and other insurance-linked securities - an area in which the BSX is...

WASHINGTON (Bloomberg) - American International Group Inc (AIG), citing abuse directed against traders who got bonuses after the company’s bailout, is fighting to keep pay records private from ex-employees seeking the data in a sex-discrimination law...