Tuesday, May 25, 2010
Bermuda Commercial Bank Limited announces changes to the Board of Directors and approves the proposed amalgamation with FBG subject to a Special General Meeting. Permanent Investments Limited today released the results of its tender offer for the remaining shares of Bermuda Commercial Bank Limited. >>READ MORE >>
Thursday, April 29, 2010
Permanent Investments Limited (“Permanent”) today mailed its tender offer (“Offer”) for the remaining shares of Bermuda Commercial Bank Limited (“BCB”) and also disclosed its intention to amalgamate First Bermuda Group Ltd. (“FBG”) with BCB...>>READ MORE >>
Tuesday, April 27, 2010
The Bank reported a net loss for the six month period ended March 31, 2010 of $1.47 million compared to net income of $680,000 at March 31, 2009, a decrease of $2.15 million. Diluted loss per share was $0.23 compared with earnings of $0.11 per share one year ago...>>READ MORE >>
Thursday, April 15, 2010
Bermuda Commercial Bank Limited and Permanent Investments Limited jointly announced today, following approval of the Bermuda Monetary Authority that Permanent has become the controlling shareholder of BCB. Permanent has acquired the entire shareholding interest of First Curacao International Bank N.V. (“FCIB”) in BCB, representing an aggregate of 3,461,577 common shares or approximately 54% of the currently issued and outstanding BCB common shares. In addition, the shareholders of Permanent have acquired all of FCIB’s 1,200,000 outstanding options in BCB.>>READ MORE >>
Monday, March 29, 2010
Stocks rose around the world and commodities rallied as the USD and the JPY fell against the EUR after Greek deficit concern abated and the economic recovery sparked demand for higher-yielding assets...>>READ MORE >>
