Private-equity giant the Carlyle Group has not invested $150 million into Butterfield Bank to "make a quick buck", according to one of its top executives.
Carlyle managing director and head of the Glo...
US tax policy will be increasingly under the spotlight in the coming months and Bermuda should be prepared for that, according to former US Congressman Harold Ford, Jr.
Speaking at the Bermuda Interna...
Payroll tax increases proposed in the Budget could cause some international companies to leave Bermuda or stop hiring on the Island.
That is the view of retired corporate lawyer Kevin Comeau, who said...
Moody's Investors Service has downgraded Butterfield Bank's long-term deposit and debt ratings, following the $550 million capital injection from a group of investors.
Without the infusion of capital,...
Plans for bank deposit insurance scheme may be unveiled by as soon as the end of this year.
Speaking after Butterfield Bank announced a $213 million loss last year, Bermuda Monetary Authority chief ex...
Shares of Butterfield Bank plunged nearly 30 percent yesterday to their lowest level since 1997.
The fall to $2 per share in Bermuda Stock Exchange (BSX) trading was expected after a deal that pumped ...
Argus Group Holdings Ltd. saw the value of its substantial stake in Butterfield Bank tumble further yesterday, as Butterfield closed at $2 on the Bermuda Stock Exchange.
Until Tuesday, when it was ann...
Government's doubling of the foreign currency purchase tax (FCPT) from 0.5 to one percent will create extra costs that will end up being paid by consumers.
That is the view of Jim Butterfield, preside...
Butterfield Bank last announced a net loss for 2009 of $213.4 million, driven by writedowns of mortgage-backed securities and commercial loan loss provisions.
And the bank warned it was likely to take...
Bermuda re/insurers Max Capital Group Ltd. and Harbor Point Ltd. said today their boards of directors had agreed to “a merger of equals” to create a new company.
Holders of Harbor Point common stock w...
