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Bermuda Commercial Bank
Bermuda Commercial Bank Limited (“BCB”) is a Bermudian bank that is one of four licensed banks in Bermuda. It has been a 100% subsidiary of Provident Holdings Limited since 2021. History BCB began by an Act of Parliament in February 1969. BCBs core banking system provides a suite of products, including online banking Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut .... In June of 2016, the BCB Group of Companies moved into a new location at 34 Bermudiana Road, Hamilton. In 2019, BCB also celebrated its 50-year anniversary of providing banking services to Bermuda and internationally. In July 2021, the investment company, Provident Holdings Limited, purchased the BCB Group of Companies from Somers Limited. On March 1, 2022, BCB sold its licensed trust business and a primary l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamilton, Bermuda
Hamilton is the capital city of the British Overseas Territory of Bermuda, and the main settlement of Pembroke Parish. A port city, Hamilton is Bermuda's financial and commercial centre, and a popular tourist destination. Its population of 854 (2016) and its small land area make it one of the smallest capital cities in the world. History The history of Hamilton as a British city began in 1790 when the government of Bermuda set aside for its future seat, officially incorporated in 1793 by an Act of Parliament, and named for Governor Henry Hamilton. The colony's capital relocated to Hamilton from St George's in 1815. The city has been at the political and military heart of Bermuda ever since. Government buildings include the parliament building, the Government House to the north, the former Admiralty House of the Royal Navy to the west (both in Pembroke), and the British Army garrison headquarters at Prospect Camp to its east. The Town of Hamilton became a city in 1897, ah ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bermuda
Bermuda is a British Overseas Territories, British Overseas Territory in the Atlantic Ocean, North Atlantic Ocean. The closest land outside the territory is in the American state of North Carolina, about to the west-northwest. Bermuda is an archipelago consisting of List of islands of Bermuda, 181 islands, although the most significant islands are connected by bridges and appear to form one landmass. It has a land area of . Bermuda has a tropical climate, with warm winters and hot summers. Its climate also exhibits Oceanic climate, oceanic features similar to other coastal areas in the Northern Hemisphere with warm, moist air from the ocean ensuring relatively high humidity and stabilising temperatures. Bermuda is prone to severe weather from Westerlies#Interaction with tropical cyclones, recurving tropical cyclones; however, it receives some protection from a coral reef and its position north of the Main Development Region, which limits the direction and severity of approach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking Services
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Banking
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that customers access their bank accounts. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of historic branch banking. Online banking significantly reduces the banks' operating cost by reducing reliance on a physical branch network and offers convenience to some customers by lessening the need to visit a bank branch as well as being able to perform banking transactions even when branches are closed, for example outside the conventional banking hours or at weekends and on holidays. Internet banking provides personal an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Somers Limited
Somers Limited is an investment holding company based in Hamilton, Bermuda.Somers Limited ''Bloomberg Business'' Its shares are traded on the .Bermuda Stock Exchange: Somers Limited /ref> Somers Limited is a financial services investment platform, and the company targets investments primarily in the banking, wealth management and asset financing sectors. Somers Limited has contracted with an external investment manager to manage its investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
