Industry News

Cayman Islands Monetary Authority (CIMA) Deputy Managing Director, Mr. Patrick Bodden (2nd from right) recently presented CI$1,120 dollars donated by staff to Mrs. Jondo Obi, Director of the Cayman Islands Red Cross,

After announcing $550 million in new capital this week, Butterfield Bank (Cayman) Limited Managing Director Conor O’Dea has expressed enthusiasm and confidence in the group’s Cayman operation, as well as the franchise.

Following the announcement of the bank's annual results on Monday, which revealed an underlying pre-tax profit of US$13.3 billion,

An academic report examining the fiscal challenges facing the Cayman Islands has rejected the UK government’s recommendation that the Caymans should introduce direct taxation to solve its financial difficulties.

Private equity and hedge funds that were hit by the storm of the financial meltdown are now benefiting from a return of bank financing, deals, and pockets of opportunity to exit investments.