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The Bank of Bermuda grew to a presence in 17 of the world's key financial and offshore centers including Bahrain, Cayman Islands, Cook Islands, Dublin, Guernsey, Hong Kong, Isle of Man, Japan, Jersey, London, Luxembourg, New York, New Zealand, Singapore, South Africa and Switzerland prior to its acquisition by the HSBC Group in February 2004.
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Bermuda Commercial Bank Limited (“BCB”) is a Bermudian bank that is one of four licensed banks in Bermuda. [1] It has been a 100% subsidiary of Provident Holdings Limited since 2021. [ 2 ]
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The Bermuda Monetary Authority (the Authority) is the integrated regulator of the financial services sector in Bermuda. It is not a central bank, and does not provide lender of last resort facilities. Established under the Bermuda Monetary Authority Act 1969, the Authority supervises, regulates and inspects financial institutions operating from ...