Tag: #BermudaBanks

Bank Back In Business, Staff In Strong Spirits

Bank Back In Business, Staff In Strong Spirits

While the Bank of Butterfield’s staff are shaken up by yesterday’s armed robbery, their spirits are strong, and the east end bank branch is back in business today. Just past noon yesterday [June 9] there was an armed robbery at the Butterfield Bank in St. George’s, with a man entering the bank brandishing what appeared to be a gun, demanded... Read more of this article

Fitch Affirms Bermuda Commercial Bank At BBB

Fitch Affirms Bermuda Commercial Bank At BBB

Fitch Ratings has affirmed the Long- and Short-term Issuer Default Ratings [IDRs] of Bermuda Commercial Bank [BCB] at ‘BBB-/F3′. The Ratings Outlook is Stable. The ratings agency said, “The affirmation of BCB’s IDRs, VR and Stable Outlook reflects the company’s liquid balance sheet and its strong capital position. The company’s... Read more of this article

39 Yr Old Man Arrested Following Bank Robbery

39 Yr Old Man Arrested Following Bank Robbery

[Updated] The police have confirmed that a 39-year-old St George’s man has been arrested in connection with today’s bank robbery.Just past noon today [June 9] there was an armed robbery at the Butterfield Bank  in St. George’s, with the suspect — described as 5’10″ tall black male of slim build wearing a red hooded top, black... Read more of this article

CCTV Video: Armed Robbery At St Georges Bank

CCTV Video: Armed Robbery At St Georges Bank

[Updated: At 12.05pm a man walked into the Bank of Butterfield in St George’s brandishing what is believed to be a firearm, he was given an undisclosed amount of cash and then escaped. All Butterfield employees at the St. George’s location are safe. A 39-year-old man has been arrested in connection with the incident. ] Police are presently on scene... Read more of this article

Fitch Affirms Bank Of Butterfield’s Ratings

Fitch Affirms Bank Of Butterfield’s Ratings

Fitch Ratings has affirmed Bank of N.T. Butterfield & Son Limited’s [BNTB] Long-term Issuer Default Rating [IDR] at ‘A-’ and Viability Rating [VR] at ‘bbb-’. The Rating Outlook is Negative. The Outlook reflects Fitch’s evolving views of sovereign support. “As mentioned in the RAC dated June 09, 2014, Fitch... Read more of this article

HSBC: Managing Your Money As A Couple

HSBC: Managing Your Money As A Couple

[Advice column by HSBC Bermuda] My husband suggested that we close our individual bank accounts and open one joint bank account. I’m a little hesitant to combine all of our money, but want to understand all options before I make a final decision. Can you help? Options for managing your money as a couple Many people decide to merge their money when... Read more of this article

BCB Receives Award From Deutsche Bank

BCB Receives Award From Deutsche Bank

On May 19, 2015 in New York City, Bermuda Commercial Bank was presented with the Deutsche Bank 2014 EURO STP [“straight through processing”] Excellence Award. This award recognised BCB for the “exceptional quality of payment messages” sent to Deutsche Bank’s Global Transaction Banking Operations unit for payments in Euros for the 2014 fiscal... Read more of this article

Butterfield Evaluating International Stock Listing

Butterfield Evaluating International Stock Listing

Mr. Brendan McDonagh, Chairman & Chief Executive Officer of The Bank of N.T. Butterfield & Son Limited, said that, following the share buy-back from CIBC in April 2015, Butterfield “continues to focus on the next stage of its development, building on its record of profitability and prudent capital position.” “In that context,... Read more of this article

“Managing Family Office Wealth” Presentation

“Managing Family Office Wealth” Presentation

EFG Wealth Management [Bermuda], part of global private banking group EFG International, is set to host the second of a series of lunch presentations to an audience of investors at the Royal Bermuda Yacht Club, with the first one taking place today. A local and international audience of investment professionals and clients will hear EFG’s latest investment... Read more of this article

BCB Appoints RBC Services As Global Custodian

BCB Appoints RBC Services As Global Custodian

Bermuda Commercial Bank Limited announced that “after careful consideration we are moving our Custody Services relationship to RBC Investor & Treasury Services. “Part of the Royal Bank of Canada, RBC Investor & Treasury Services is a perennial award winning leader in global custody services and we very much look forward to this new... Read more of this article

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