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The chief executive officer of the Bermuda Commercial Bank (BCB) is to stand down, The Royal Gazette can reveal. Peter Horton is to leave the bank at the end of March. Alan Gilbertson, chairman of the bank, one of four in Bermuda and the only special...

Bermuda Commercial Bank (BCB) yesterday posted $8 million in net income in the year ended September 30. The figure, stated in the financial results of BCB’s parent company Somers Ltd, is down $1.2 million, or 13 per cent, on the previous year. Somers...

The Bermuda Commercial Bank (BCB) has bought up a London-based finance company. BCB has acquired equity and convertible loan notes from its parent Somers Ltd in the Private and Commercial Finance Group (PCFG). It is the intention of the bank to conve...

Financial services investment firm Somers Ltd yesterday posted a $7.5 million loss for the six months to the end of March. The firm — which owns the Bermuda Commercial Bank (BCB) and investment firm Waverton — said that valuation losses and negative ...

An excellence award has been presented to Bermuda Commercial Bank (BCB) for the “exceptional quality of payment messages” to Deutsche Bank’s Global Transaction Banking Operations unit for payments in euros during the 2014 fiscal year. Last year, BCB ...

Veteran businessman David Cash has become a director of Bermuda Commercial Bank (BCB), it was revealed yesterday. Mr Cash, the former CEO of insurance and reinsurance firm Endurance Special Holdings, is one of two new faces on the bank’s board of dir...

The parent firm of Bermuda Commercial Bank logged a profit of $1.2 million in the last quarter of 2014. Financial investment services holding company Somers Ltd said the figure pushed the profit for the full year to $8.7 million, while the firm also ...

A major reshuffle at Bermuda Commercial Bank (BCB) will see two senior officials leave and another one redeployed. Head of banking Edwina Lambert is expected to move to another senior post, while head of asset management Lola Myshkita has resigned. A...

Financial services holding company Somers Ltd has appointed Mark Brown as a consultant to advise and assist in the ongoing management and development of its UK and Irish investment portfolio. Mr Brown is also being appointed as executive chairman of...

The parent company of Bermuda Commercial Bank said profit more than tripled to $15.3 million during the first nine months of its fiscal year. Somers Ltd, whose investments also include stakes in several financial services firms in the UK and Ireland,...

Bermuda Commercial Bank has awarded a GOLD level scholarship to Dominic Tessitore, a 2014 graduate of the Berkeley Institute He was presented his scholarship on Tuesday, July 22nd by Sponsorship Committee members Angelique Dowling and Stephen Outerbr...