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The transaction completed April 26

HSBC sought a $3,185,000 judgment against Sanz Pearman, who had served as a guarantor in a 2008 loan

The $400 million fungible add-on to its existing senior secured first-lien term loan was through a private placement

The Barclay family still feel a resolution of their dispute with the bank is possible and the CEO said the company remains a successful, profitable business

Clarien Bank will be raising its base lending rates after the US Federal Reserve rate increase earlier this month

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon. The bank absorbed a third of the 75-basis-point increase in the target range of the US federal funds rat...

The Government has still not served court papers on an American music promoter in connection with the disappearance of an $800,000 taxpayer-funded loan. The cash was lent in April 2018 to Anthony Blakey and his Bermudian employee Danilee Trott, who o...

Lexington Gold, the Bermudian-based gold exploration and development company with projects in North and South Carolina, has borrowed £335,000 from several of its long-term significant shareholders and company directors. The company said the unsecured...

Bermudians are to become eligible for student loans in England - even if they have never lived there. The UK government announced that students from some British Overseas Territories – including Bermuda – will be eligible for tuition fee loans for un...

More than a month into the new year, Bermuda’s financial institutions are still considering what to do about replacing Libor, a major component scheduled for retirement at the end of 2021 from its use in the setting of interest rates. The Bermuda Ban...

Ascend, the California-based insurance payments platform, has announced a $250-million lending commitment to finance insurance premium loans through its platform facilitated by Hudson Structured Capital Management Ltd, doing its re/insurance business...

Financing for a controversial solar project at the National Sports Centre was approved by the NSC’s Board of Trustees in May, the sport minister reiterated at the Senate. In response to questions Ernest Peets, the Minister of Youth, Culture and Port,...