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Carlyle Group, which owns an 18-percent stake in Butterfield bank, plans to float on the US stock market. The private-equity firm’s current owners, including the three founders, plan to keep their stakes when Carlyle holds its initial public offering...

Bermuda will not see Solvency II equivalence until late 2013 at the earliest. That is what Bermuda Monetary Authority CEO Jeremy Cox told a packed audience at the Bermuda Insurance Institute’s (BII) spring luncheon yesterday, adding that the delay in...

Former Premier Dr Ewart Brown has rubbished allegations and innuendos of corruption during his tenure in a submission to the UK Foreign Office. A host of allegations were compiled by the anonymous group Concerned Bermudians and sent to the UK ministe...

A man who drunkenly knifed a friend at a Sandys bar, leaving him with 14 stab wounds, has been jailed for five years. Prosecutor Nicole Smith told Supreme Court that victim Jason Taylor, 36, needed 32 skin staples and a blood transfusion after La-Way...

An Indian expatriate waiter has cried foul, alleging he was deported from the Island for obeying his boss’s orders. Caetano Fernandes was caught red-handed by undercover Immigration officials as he worked behind the bar at Riddell’s Bay Golf and Coun...