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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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HSBC Bank Bermuda This page was last edited on 7 January 2024, at 13:02 (UTC). Text is available under the Creative Commons ...
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Bermuda is an associate member of CARICOM. Bermuda's economy is based on offshore insurance and reinsurance, and tourism, the two largest economic sectors. [1] [2] Bermuda had one of the world's highest GDP per capita for most of the 20th century [3] and several years beyond. Recently, its economic status has been affected by the global recession.
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The BMA has licensed four local banks: Butterfield Bank, Clarien Bank, Bermuda Commercial Bank and the HSBC Bank Bermuda. [16] Bermuda's currency is the Bermudian dollar, which is pegged to the US dollar on a one-to-one basis. Both currencies circulate in Bermuda on an equal basis, but the Bermudian dollar is not normally traded outside the ...