https://bernews.com/2018/06/clarien-announces-increase-base-lending-rates-2/ Bermuda's #1 source for 24/7 breaking news, photos & videos Mon, 13 Apr 2026 12:13:24 +0000 hourly 1 http://wordpress.org/?v=3.7.5 https://bernews.com/2018/06/clarien-announces-increase-base-lending-rates-2/#comment-4029890 Wed, 13 Jun 2018 21:22:44 +0000 http://bernews.com/?p=766905#comment-4029890 This bank has been allowed by its regulator, the Bermuda Monetary Authority, to fund its Bermuda Dollar mortgages with U.S. dollars. The Federal Reserve raised its lending rate specifically to address the use of leverage/the use of debt to fund investments. Mr. Scott will not be the last domino to fall.

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