Britain’s prime minister David Cameron and Chancellor of the Exchequer George Osborne have been urged by a charity to improve tax transparency in British Dependent Territories.
Save the Children said the UK Government should “consider hosting a meet...
Bermuda-based online payment provider First Atlantic Commerce (FAC) has launched its new website.
The newly designed site, www.firstatlanticcommerce.com, went live last week and offers visitors a sleek new look and simple navigation features.
FAC’s...
Bermuda Commercial Bank Limited (BCB) has launched its newly redesigned website.
Creating a new look and improving functionality, the BCB website showcases its products, services and company news while looking to improve the user’s overall online ex...
Tens of thousands of Bermuda residents are in danger of being duped into laundering money for fraudsters, according to the top fraud expert at HSBC Bank Bermuda.
Raphael Simons, who heads the security and fraud risk department for the bank, says peo...
The deterioration in the housing market and overall Bermuda economy is feeding through into weakened earnings at the banks, new economic figures on the state of the banking sector show.
The figures also suggest there’s a growing “shadow inventory” of...
January 13, 2013
Dear Sir,
Some days ago I called one of our local banks to confirm whether or not a case of credit card machine tapes that I had previously ordered had been delivered to the branch bank closest to me for ease of collection. These day...
A Bermudian medical student has been left stranded overseas without any cash due to a banking error, her mother claimed.
The 25-year-old, who is studying in Curacao, reported that her HSBC Bermuda debit card stopped working almost three weeks ago.
Si...
Bermuda’s banks intend to check on their account holders to identify “US persons” and supply their details to US tax authorities, in order to comply with tough new American regulations designed to catch tax dodgers.
The Bermuda Bankers’ Association y...
Bermuda Commercial Bank (BCB) has announced it has partnered with Muzinich & Co to expand the asset management solutions it offers.
Muzinich & Co is a global institutional investment manager specialising in corporate credit strategies dedicated to g...
While Bermuda’s banks remain in good shape financially, they have sharply increased provisions for bad debt as a result of Bermuda’s “poor economic fundamentals”, the Bermuda Monetary Authority said yesterday.
The Authority’s Banking Digest for the s...
August 20, 2012
Dear Sir,
I was pleased when my bank promised me “an 0K return” on my savings ...
... until I realised it stood for Absolute Zero.
Yours easing quantitatively,
ANDREW R DOBLE
Hamilton Parish
HSBC reportedly is to apologise to American lawmakers for failing to have appropriate controls in place to ensure it did not facilitate the financing of terrorism and other criminal activities, transgressions that analysts estimate may cost it up to ...
