Below are the most recent articles published relating to the global Financial Services Industry. For Cayman specific news and articles please choose Cayman Finance News from the main menu. Past articles are available through the Archive section of the website.
Mourant has reinforced its new assault on the Cayman legal market by becoming the first offshore law firm to open a New York office. The news follows hard on the heels of Mourant's announcement last week that it is joining forces with Cayman firm Quin & Hampson.
Mourant has become the first Cayman law firm to open a New York office. Mourant, which celebrates its 60th anniversary in 2007, has 850 people operating from offices in seven countries.
The Cayman Islands' economy is currently in good stead, according to a report by Moody's Investors Service.
THE banking and trust sector will soon see a new change.This comes with financial services of CIBC Trust operations in Barbados now being acquired by a private banking and investment firm. This island's branch of CIBC Bank and Trust (Cayman) Limited services will be taken over by Bayshore Bank and Trust which already has operations in the island. The latter has entered into a binding agreement to acquire the financial services business of CIBC Bank and Trust. The transaction is expected to close immediately.
The total number of listings on the Cayman Islands Stock Exchange stood at 1,263 on 29 January 2007, with a total market capitalisation of nearly US$113 billion.
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