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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...

Clarien Bank Limited advised today that Zoran Fotak will be leaving the bank. The statement said that he will be on leave until October, but that his official last day with the Bank will be October 18, 2014. Ian Truran will remain Co-CEO for Clarien...

Bermuda Commercial Bank (BCB) is entering into a management consulting services arrangement for a six-month period with Bermuda-based Meritus Trust Company in regard to its trust business as part of a “new strategic direction” under recently appointe...

Michael Collier has retired as chairman and as a director of Bermuda Commercial Bank Ltd. The bank said today that he will be replaced as chairman on an interim basis by Alan Gilbertson, who is a non-executive director of the bank and the former pres...

Bermuda Commercial Bank Ltd announced today that its profits rose by more than 50 percent during the six-month period through March 31 this year. The bank posted net income of $7.9 million, compared to $5.1 million in the same period a year earlier. ...

A liquid balance sheet and high capital levels has garnered the Bermuda Commercial Bank affirmation of its Long- and Short-term Issuer Default Ratings (IDRs) of ‘BBB-/F3’ and a stable rating outlook from Fitch Ratings. It came with some concerns and ...

Bermuda Commercial Bank Ltd, BCB Paragon Trust Ltd along with well-known cyclist Neil de ste Croix are among those being sued because of the alleged “brazen and extraordinary breach of their fiduciary and contractual obligations” which resulted in th...

First-quarter profit more than doubled to $6.2 million for Somers Ltd, owner of Bermuda Commercial Bank. The profits were generated principally by BCB and Waverton, a UK investment management company in which Somers has a 62.5 percent controlling int...