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Miguel DaPonte has been appointed to the position of VP, investment manager, at Clarien Bank. Clarien said he will be responsible for the growth of new business, as well as the development and execution of investment strategies for ultra-high-net-wor...

The increase in Covid-cases has forced a bank to make changes to its teller operations. A spokesman for Clarien Bank said: “As a result of the current Covid outbreak and out of an abundance of caution for both our employees and clients, Clarien has m...

HSBC Bermuda is moving into lock-step with its parent group’s ambitious climate strategy. The local subsidiary has already invested three quarters of a million dollars collaborating with environmental charities in support of various local sustainabil...

New Zealand made the right call to shelve a widely anticipated interest-rate increase. The central bank should resist the temptation to merely delay by a month or two. The global recovery has probably peaked and the most consequential monetary author...

A businesswoman in the Cayman Islands is suing the Bank of Butterfield, claiming breach of contract after she said the bank closed out her accounts, the publication OffshoreAlert is reporting. Representing herself, Sharon Lexa Lamb, who describes her...

Bermuda’s first bank will pay $5.6 million in forfeiture and restitution payments to the United States government in a tax evasion case that dates back 20 years. The US Attorney for the Southern District of New York, the Justice Department and the In...

Butterfield bank remained upbeat when discussing with investors the proposed global corporate tax plan and how it could affect bank operations. Chairman and chief executive officer Michael Collins also provided an update Tuesday on the bank’s cost cu...

Banks, insurance companies and other financial sector stocks have been big winners this year. Rebounding sharply after last year’s wipe out, the sprawling industry has advanced by 19.39 per cent year-to-date. The sector’s return has exceeded the broa...

The Bermuda Civil Aviation Authority will be permitted to keep its operating fund in interest-bearing bank accounts either in Bermuda or abroad senators have agreed. There were no objections to the passing of The Civil Aviation Authority Amendment Bi...

HSBC Bermuda has returned as the lead sponsor of this month’s Cup Match Classic. Neil Paynter, president of St George’s Cricket Club, which is hosting the event, said: “We have had a long and successful history with HSBC and Cup Match and are excited...

HSBC Bermuda is offering free online resources on the bank’s website to support families in teaching their children about financial literacy. The bank said the financial education tools are designed to equip young people with the money management ski...

Clarien Bank Limited and Lindo’s Group of Companies have announced completion of a successful banking migration to Clarien by Lindo’s. Simon Van de Weg, chief banking officer at Clarien, said: “We are very pleased to announce that Lindo’s Group of Co...