FINANCE
Managing finances in a single income home
If you live on one income, how you work with your money is important. If you have dependents, careful financial planning and strategic investing is vital. Developing financial plan will make it easier to achieve goals whatever your situation.
Ten made redundant at Butterfield Fulcrum's Bermuda office
Butterfield Fulcrum has made 10 people redundant in Bermuda. The fund administration firm would not comment on when the redundancies would take effect.
FBG fine blamed on slack identity checks
First Bermuda Group’s record $100,000 fine this week by the Bermuda Monetary Authority has been partly blamed on their failure to verify customers’ identities.
Government statement on liquidation of British American insurance
TUESDAY, SEPTEMBER 7: The Official Receiver (the OR) was appointed as provisional liquidator of British American on 3 August 2009 by the Supreme Court of Bermuda upon the application of the Bermuda Monetary Authority (BMA).
Butterfield sells off overseas subsidiaries
Butterfield Bank has sold off companies in Malta and Hong Kong to focus on fewer key jurisdictions, it was announced this week. The trust, advisory and wealth management businesses have been bought by the privately held Bentley Reid Group.
728 X 90 AD
Bermuda's top marks on global tax report card
Bermuda has received top marks in a global report card about transparency and exchange of information for tax purposes.
BSX to host ACSDA 2011 General Assembly in Bermuda
THURSDAY, OCT. 7: The Bermuda Stock Exchange (BSX) announced today that it will host the Americas’ Central Securities Depositories Association’s (ACSDA) General Assembly in March 2011.
Capital G and First Bermuda Group propose merger
THURSDAY, OCT. 7: Capital G Bank Limited (Capital G) and First Bermuda Group (FBG) today announced the signing of a Memorandum of Understanding outlining the preliminary terms of a merger between the two institutions. The merger is expected to be completed within the next six weeks.
Bermuda is a strong draw for Islamic investors at conference
Bermuda is “head and shoulders” above the competition when it comes to meeting the needs of international business and Islamic finance. This from Fawaz Elmalki, who spoke at the annual Fund Forum Middle East Conference in Bahrain on Tuesday.
Bermudians join LOM
Two young Bermudians have been hired by investment management group LOM. Mark Fielder has been appointed an assistant portfolio manager at LOM Asset Management, while Lekeia Robinson joins LOM Ltd. as a senior settlements officer.
728 X 90 AD
Baby boomers must ensure they are ready for retirement
The baby boomers have started to retire and there is plenty more to come.
BMA to host anti-money-laundering seminars
FRIDAY, OCT. 22: The Bermuda Monetary Authority (BMA) has scheduled a series of awareness sessions on Bermuda’s Anti-Money Laundering regulations targeting the island’s various financial industry sectors.
Heritage pays out $3.5m in Bermuda for education
The Heritage International Scholarship Trust Foundation has paid out $3.5 million in Bermuda this year. The cash funds post-secondary education.
Bank Code will boost service
The banking community believes the new Code of Conduct will help improve customer service and inspire confidence in Bermuda’s banks.
CONSUMER AFFAIRS: LANDLORDS AND TENANTS
Know your rights to avoid rental property problems
There is no shortage of residents with rental property issues and we at Consumer Affairs get our fair share of complaints from both tenants and landlords. Some issues are minor communication problems, where both parties do not sit down and try to resolve things.
728 X 90 AD