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Banking

Letters to the Editor

"Wire transfers take too long "

Money questions December 7, 2011 Dear Sir, I would like to ask the following of our local banks: Why can a cash withdrawal from an HSBC bank account made through a Bank of Butterfield ATM be debited within an hour of the transaction taking place, bu...
Dec 15, 2011
Other

"BMA launches money protection awareness campaign"

Bermuda’s financial institution watchdog has launched a new awareness campaign aimed to help consumers protect their money when banking and investing. The Bermuda Monetary Authority, the Island’s independent financial services regulator, developed th...
Dec 09, 2011
Other

"Whistleblower evicted from her home"

Dismissed Government worker LeYoni Junos said she has been left with nowhere to go after a team of contractors armed with a bank possession order emptied her house. Ms Junos arrived home at her the Middle Road, Warwick residence to find workmen loadi...
Dec 08, 2011
Letters to the Editor

"For a Bermudian solution"

November 18, 2011 Dear Sir, A conversation has started on removing the 60/40 rules in Bermuda. I would like to put in my few cents worth below. We are a small Island in the middle of nowhere. We cannot compete against the big boys in anything. We do...
Dec 06, 2011
Other

"Capital G opens new branch at FBG location"

Capital G Bank Ltd has announced the opening of its new bank branch in Hamilton. The First Bermuda Group Ltd (FBG) location in the Maxwell Roberts Building in Church Street was converted into a Capital G Bank branch earlier this month, providing all ...
Nov 23, 2011
Other

S&P lowers HSBC’s outlook to negative on loan book concern

Credit rating agency Standard & Poor’s has lowered HSBC Bermuda’s outlook to “negative” from “stable” because of concerns over potential deterioration of its loan book. S&P affirmed the bank’s credit rating at AA-, which is the highest of any bank in...
Oct 21, 2011
Letters to the Editor

"Put customers first "

October 12, 2011 Dear Sir, I cannot wait to get rid of my mortgage at HSBC and be done with them all together. If I could transfer it to another bank without penalty I would have done it a long time ago. Customer service is at an all time low and tr...
Oct 14, 2011
Other

"More borrowers falling behind with repayments"

More people are falling behind with their mortgages as the recession bites deeper. The latest data from financial regulator the Bermuda Monetary Authority show that the number of “non-performing loans” (NPLs) on the books of local banks went up by 23...
Oct 07, 2011
Other

"Euromoney: Bermuda is safest financial haven in Caribbean region"

By Marina Mello Bermuda is the safest place to put your money in the Caribbean region, according to the latest survey released by Euromoney. Cuba, followed by Antigua, are the worst. The European magazine said Bermuda’s political risk score is now hi...
Oct 03, 2011
Reinsurance

"Lloyd’s of London pulls deposits from banks on debt crisis"

LONDON (Bloomberg) Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank (ECB) provided dollars to one euro-area in...
Sep 22, 2011
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