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The Department of Financial Assistance will have its budget trimmed by just over $1 million in the coming fiscal year, to $53.555 million for 2017-18. Nandi Outerbridge, the Minister of Social Development and Sport, also updated MPs yesterday on the ...

In climbing the corporate ladder Alison Morrison has had to build a few rungs of her own. From corporate trust, to asset management, to risk and compliance, she has adapted to fit both her professional and personal needs. The mother-of-three said he...

Asset and wealth managers believe that their sector will grow over the next year. And nearly two-thirds of them said they planned to recruit new staff, higher than in other areas of financial services. A total of 92 per cent of those in a survey by p...

Bank of Butterfield has reported profits of $115.9 million for last year — up $38.2 million on the $77.7 million recorded the year before. Net income per share was $1.18, down 5 cents on the previous year. After removing the effects of noncore items,...

Bob Richards, the Minister of Finance, yesterday blasted Britain over its hypocrisy on tax. Mr Richards said the UK’s bid to get Overseas Territories to establish public registers of ownership in offshore companies would damage the island. And he add...

On the fence about downsizing? Here’s a quiz for you! We all consider downsizing for different reasons. Maybe we are weary of the maintenance and expensive upkeep of a large home. It could be that we are weary of the financial commitment or of being ...

The Bermuda branch of the Alternative Investment Management Association is to hold a Christmas reception. The guest speaker will be Stafford Lowe, managing director of R3, who will talk about cryptofinance and financial technology. R3 is a cryptofina...

Within the past few weeks, the Bermuda Community Foundation released close to $500,000 in grants to more than 40 non-profit organisations. It was a boost to the work of the civil sector, without doubt. And we accomplished it while, for the most par...

One of the few upshots for Europe after Britain decided to leave the European Union was the possibility that London’s financial centre, know as the City, would relocate to the European mainland to avoid the regulatory nightmare to come. Paris, Amster...

Payment services firm First Atlantic Commerce has won a contract to provide services to Grand Cayman’s power company. The contract will see FAC providing the PowerPay online bill payment option for Caribbean Utilities Company customers. Chris Burns, ...

Attorney-General and Minister of Legal Affairs Trevor Moniz has issued an advisory about the risks arising from inadequate systems and controls to combat money laundering and terrorist financing. The Financial Action Task Force and the Caribbean Fina...

An unemployed grandmother faces a battle for financial survival after being told she does not qualify for Financial Assistance. The former Bermuda government employee took out her pension in a lump sum when her daughter became critically ill in Septe...