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Butterfield Bank: February Share Repurchases

Butterfield Bank: February Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son advised that during the month of February 2019, the Bank purchased for Treasury 365,000 Common Shares at an average price of $37.12 per share. Related StoriesButterfield Bank Report Q4 & Year End Results Butterfield Bank: January Share Repurchases Butterfield... Read more of this article

Butterfield Bank Launches New Online Version

Butterfield Bank Launches New Online Version

The Bank of Butterfield recently introduced a new version of Butterfield Online for personal banking customers. A spokesperson said, “Butterfield introduced a new version of Butterfield Online for personal banking customers on the evening of Saturday, 2 March, which is accessible through a new URL www.butterfieldonline.com. “The new Butterfield... Read more of this article

US Banking For Licensed FinTech Companies

US Banking For Licensed FinTech Companies

The Government announced that “Bermuda can now offer an option for US banking services to Bermuda licensed FinTech companies,” as “Signature Bank, a New York-based full-service commercial bank, has agreed to provide a full range of banking services to companies that meet Bermuda and Signature Bank standards.” A Government spokesperson... Read more of this article

Column: Crypto Banks & Digital Transformation

Column: Crypto Banks & Digital Transformation

[Opinion column written by Chris Garrod] Bermuda’s Banks and Deposit Companies Act was amended in August 2018. While the amendment legislation is less than three pages long, the amendments should be far-reaching. Its provisions permit the creation and/or licensing of a new category of Bermuda bank to be regulated by the Island’s primary regulator,... Read more of this article

HSBC Bermuda Year End 2018 Financial Results

HSBC Bermuda Year End 2018 Financial Results

“HSBC Bermuda’s total operating income before expected credit losses remained flat compared to 2018 at US$280 million, with increases in net interest income and fee income offset by lower investment portfolio gains”, according to the HSBC Bermuda Year End 2018 Financial Results report. “The change in expected credit losses for 2018... Read more of this article

Butterfield Bank Report Q4 & Year End Results

Butterfield Bank Report Q4 & Year End Results

The Bank of Butterfield today announced financial results for the fourth quarter and year ended December 31, 2018. Net income for the year ended December 31, 2018 was $195.2 million or $3.50 per diluted common share, compared to $153.3 million, or $2.76 per diluted common share for the year ended December 31, 2017. Core net income for the year ended... Read more of this article

Sale Of Bermuda Commercial Bank Announced

Sale Of Bermuda Commercial Bank Announced

[Updated] Noting that it is subject to various regulatory approvals, Permanent Capital announced the purchase of Bermuda Commercial Bank, saying they “plan to grow BCB into a full-service commercial bank focused on adding meaningful value.” Somers noted that the transaction is “subject to a number of conditions including regulatory... Read more of this article

Butterfield Bank: January Share Repurchases

Butterfield Bank: January Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited today [Feb 4] advised that during the month of January 2019, the Bank purchased for Treasury 420,000 Common Shares at an average price of $33.72 per share. Related StoriesButterfield Bank: February Share Repurchases Butterfield Bank Report Q4 &... Read more of this article

Clarien Raises $18,000 For Meals On Wheels

Clarien Raises $18,000 For Meals On Wheels

Clarien Bank‘s annual Holiday GiveBack Campaign raised a record total of more than $18,000 for Meals on Wheels. Michael DeCouto, Chief Digital and Marketing Officer of Clarien Bank, today presented a cheque for $18,724 to Meals on Wheels Programme Executive Allison Faiella. Since 2010, the annual campaign has donated more than $118,000 to the... Read more of this article

Report: Island To Get Crypto-Friendly Bank

Report: Island To Get Crypto-Friendly Bank

During an interview at the World Economic Forum, Premier David Burt announced that he will soon be ”making an announcement revealing that a bank will be set up in the country that will start accepting crypto and blockchain companies.” This is according to a report from CCN, which said, “It looks like the skies will be much clearer for... Read more of this article

Butterfield Bank: December Share Repurchases

Butterfield Bank: December Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of December 2018, the Bank purchased for Treasury 254,212 Common Shares at an average price of $32.48 per share. Related StoriesButterfield Bank: February Share Repurchases Butterfield Bank Report Q4 & Year End... Read more of this article

Clarien CEO Ian Truran Appointed To Board

Clarien CEO Ian Truran Appointed To Board

Clarien Bank announced today [Jan 8] the appointment of CEO Ian Truran to the Clarien Bank Board of Directors, effective January 1, 2019. Patrick Hylton, Chairman of the Board, commented: “With more than 25 years in the banking industry and exemplary leadership as CEO of Clarien Bank, I welcome Ian Truran to the Clarien Bank Board of Directors. Ian’s... Read more of this article

Clarien Announces 126% Increase In Net Profits

Clarien Announces 126% Increase In Net Profits

Clarien Bank, a wholly-owned subsidiary of Clarien Group Limited [CGL] today [Jan 7] announced a net profit for 9 months ended September 30, 2018 of $7.3 million – a 126% increase over the previous 12 months. “The continuing improvement in the Bank’s financial performance was driven by Clarien’s strategic partnership with majority shareholder... Read more of this article