https://bernews.com/2014/07/kpmg-banks-remain-profitable-for-third-year/ Bermuda's #1 source for 24/7 breaking news, photos & videos Thu, 09 Apr 2026 16:09:48 +0000 hourly 1 http://wordpress.org/?v=3.7.5 https://bernews.com/2014/07/kpmg-banks-remain-profitable-for-third-year/#comment-2450785 Fri, 18 Jul 2014 17:45:27 +0000 http://bernews.com/?p=304990#comment-2450785 Profitable? Yea sure–big time profitable on a daily basis given low interest paid,but exhorbitant interest+fees charged to clients that the Govt or their BMA Regulator won’t stop!! Wonder if KPMG took into acct the non-performing loans/mortgages they are carrying! Contra KPMG’s profitable story, there’s some good reason International Rating Agencies keep downgrading them!!

]]> https://bernews.com/2014/07/kpmg-banks-remain-profitable-for-third-year/#comment-2448993 Thu, 17 Jul 2014 18:03:45 +0000 http://bernews.com/?p=304990#comment-2448993 Well, one would hope they would make money with a business model whereby they pay me 0.25% for my savings and then lend that same money to a car buyer at a rate of 6%+. Shylock must be spinning in his grave.

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