Archive for March 2nd, 2010
Photos: The Youngest Victim of All
The tragic death of Alshante Brangman is made even more poignant as she leaves behind a 3 year old daughter. Pictured below is A’Saiya, the daughter of Alshante Brangman, alongside the sheet where family and friends have written tributes to her mother. Ms Brangman passed away on March 2nd 2010 under what the police term ‘suspicious circumstances’,... Read more of this article
Bank of Butterfield Receives $550 Million
On the heels of a staggering $213.4 million loss for 2009, the Bank of Butterfield has received a $550 million capital infusion. Investors include The Carlyle Group, Canadian Imperial Bank of Commerce [CIBC], Wellcome Trust, The Bermuda Government Pension Funds, Goshen Investments, LLC and self made billionaire Julian Robertson. One of the larger investors,... Read more of this article
Bank of Butterfield Seeking Cash Infusion
The Bank of N.T. Butterfield & Son Limited announced this morning it is in discussions in an attempt to raise significant capital. They are in talks with “prominent institutional investors” in an effort to raise the funds. We have also been informed that the Bermuda Government is contemplating a direct investment in the Bank of Butterfield. The... Read more of this article
Report: Embezzler Given Government Grant
The $100,000 Cultural Legacy Fund Awards are riddled in controversy after a report that one of the recipients is a man who defrauded the Government of almost $2 million dollars. The awards are given by the Department of Community and Cultural Affairs in order to promote Bermudian culture. Ten groups received funds, and in reference to the one in question... Read more of this article
