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Bermuda-based fund administrator Meridian Fund Services has been acquired by an Island-based subsidiary of Japanese banking giant Mitsubishi UFJ Trust and Banking Corporation. The deal means Meridian, which has assets under administration of some ...

The UK-based developer of Washington Mall has been slammed for tax avoidance. The multibillion dollar Peel Group — which owns 40 percent of the Hamilton shop and office complex — has come under fire for using offshore registration to cut its tax bill...

Finance Minister Bob Richards has emphasised the immense amount that the Government is spending on interest for debt as the House of Assembly’s debate on the 2014/15 Budget continued. Delivering his budget brief for the Ministry of Finance, Mr Richar...

Leverage is a wonderful thing when it works in your favour. It enables development, amplifies returns and at times offers illusory periods of above-trend growth. Eventually, however, the effects of additional debt begin to fade and, on the margin, of...

The Bermuda Monetary Authority (the Authority) confirmed has confirmed that it has signed a Memorandum of Understanding (MoU) with Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), in relation to the European Union’s...

The Bermuda Monetary Authority confirmed today that it has signed a Memorandum of Understanding (MoU) with Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), in relation to the European Union’s Alternative Investment ...