Members in the News

Commonwealth Bank Limited has officially acquired Citibank’s remaining retail loan portfolio, reportedly increasing its loan portfolio by approximately 1.5 per cent or $8 million. Chairman T.B. Donaldson says, *”We are … Read More

Law Firm Halsbury Chambers has announced plans to open an office in George Town, Exuma. According to Branville McCartney, Founding Partner, the dramatic growth in the Central Bahamas, and particularly … Read More

The Bank of N.T. Butterfield & Son Limited reported net income of $26.1 million for its first quarter ending 31 March 2004. This represents an increase in net income for … Read More

RoyalStar Assurance has received an A- (Excellent) Financial Strength rating from A.M. Best, the international rating agency. This rating reportedly was based on the company’s improved capital levels and earnings … Read More

This past week the Ansbacher Group announced changes in the services now provided from its Cayman and Bahamas locations. The Group reported that existing banking and securities operations in Cayman … Read More

**’You & Us’** UBS, the world’s largest wealth manager, has launched a global advertising campaign centred around the theme ‘You & Us — Could this be the world’s most powerful … Read More

Cable Bahamas reports that its net income for the full year 2003 increased by 24.6% to some $9.063 million. Total revenues increased by 16% rising from $36.901 million the previous … Read More

**Differing Price Expectations** Swiss Life and the consortium including UniCredito Italiano, swissfirst Bank AG and private investors have abandoned their exclusive negotiations on the sale of Banca del Gottardo. The … Read More

The world-wide insurance rating and information agency A.M. Best Company has provided a financial strength rating of “A-” (Excellent) to Colina Insurance Company. President James Campbell says this is evidence … Read More

The Bank of N.T. Butterfield & Son Limited has acquired the Bahamas-based Deerfield Fund Services Limited, a company that provides offshore fund administration services. *”This acquisition has strategic significance,”* said … Read More