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HSBC Bank Offers New Digital Secure Key

HSBC Bank Offers New Digital Secure Key

HSBC Bermuda today announced the introduction of Digital Secure Key for their online banking customers. A spokesperson said, “Customers can now benefit from the convenience and environmental friendliness of the Digital Secure Key which can be activated via the latest version of the HSBC Bermuda app, replacing HSBC customers’ plastic physical... Read more of this article

Butterfield Scholarship Applications Open

Butterfield Scholarship Applications Open

Butterfield announced that the 2023 Bermuda Undergraduate Scholarship is open to applications. A spokesperson said, “Now in its 45th year, the scholarship is awarded annually to outstanding students in honour of the bank’s late Chairman, Sir Harry D. Butterfield. The scholarship is worth $30,000 and can be maintained for up to four years of full-time... Read more of this article

Butterfield Reid St Saturday Hours Suspended

Butterfield Reid St Saturday Hours Suspended

The Bank of Butterfield’s Reid Street Saturday Banking hours “will be temporarily suspended until 4 March to allow time for annual training and infrastructure investment initiatives.” A spokesperson said, “We apologise for any inconvenience caused. To access your accounts, please use our Butterfield Online, ATM and mobile banking... Read more of this article

Butterfield: No Share Repurchases In Dec 2022

Butterfield: No Share Repurchases In Dec 2022

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2022, the Bank did not repurchase Common Shares for cancellation.  Read More →

Bankers Association Announces New CEO

Bankers Association Announces New CEO

The Bermuda Bankers Association [BBA] welcomed Geoff Scott as its new CEO, succeeding Thomas O’Rourke who steps down after 4 years in the role. A spokesperson said, “Geoff has over 30 years of experience in the financial services industry, starting his career in Canada and transitioning to Barbados in 2012 as Chief Risk Officer at a leading... Read more of this article

Clarien Bank Reid Street Facility To Close

Clarien Bank Reid Street Facility To Close

Clarien Bank announced that the “former branch facility located at 19 Reid Street in Hamilton will close permanently, effective January 6, 2023.” A spokesperson said, “An emblem of the Clarien Bank legacy, the 19 Reid Street facility has served as the main branch location for more than 20 years. With the move to digital banking in... Read more of this article

Butterfield: No Share Repurchases In Nov 2022

Butterfield: No Share Repurchases In Nov 2022

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of November 2022, the Bank did not repurchase Common Shares for cancellation.  Read More →

Butterfield Adjusts Rates Following Fed Increase

Butterfield Adjusts Rates Following Fed Increase

The Bank of N.T. Butterfield announced that “in response to today’s 50 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by a quarter of a percentage point [0.25%], absorbing half of the rise.” A spokesperson said, “The change in base rates applies to Bermuda dollar... Read more of this article

Butterfield Named Bermuda’s Bank Of The Year

Butterfield Named Bermuda’s Bank Of The Year

Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication. “The Banker, owned by the Financial Times, has been the world’s leading monthly journal of record for the banking industry for almost a century. Its awards programme aims to highlight industry excellence and marks out banks... Read more of this article

Ingrid Pierce Joins Butterfield Bank’s Board

Ingrid Pierce Joins Butterfield Bank’s Board

The Bank of N.T. Butterfield & Son announced today that Ingrid Pierce, Global Managing Partner of Walkers, a leading international law firm, has joined the Bank’s Board as an Independent Director, bringing the total number of Directors to ten. A spokesperson said, “Ms. Pierce is amongst the world’s leading investment fund lawyers, acting... Read more of this article

HSBC To Light Up Purple To Support IDPWD

HSBC To Light Up Purple To Support IDPWD

The International Day of Persons With Disabilities [IDPWD] will be celebrated on Saturday [Dec 3] and for” the third consecutive year, purple is the colour of the day at HSBC Bermuda in support of those with disabilities.” A spokesperson said, “Promoted by the United Nations since 1992, IDPWD celebrates the achievements and contributions... Read more of this article

Following US Change, Butterfield Adjusts Rates

Following US Change, Butterfield Adjusts Rates

The Bank of Butterfield announced that in response to the “75 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by a quarter of a percentage point [0.25%], absorbing two thirds of the rise.” A spokesperson said, “The change in base rates applies to Bermuda dollar residential... Read more of this article

Butterfield: No Share Repurchases In October

Butterfield: No Share Repurchases In October

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of October 2022, the Bank did not repurchase Common Shares for cancellation.  Read More →