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HSBC Team Trackers Programme Winners

HSBC Team Trackers Programme Winners

HSBC globally provides hundreds of volunteering opportunities in youth education and environmental projects, and as part of HSBC Bermuda’s ‘personal volunteering’ initiative the bank has engaged with The Centre on Philanthropy’s ‘Volunteer Team Tracker Programme’. The programme’s on-line tracking tool enables members of our local community... Read more of this article

Fitch Affirms Bermuda Commercial Bank At BB+

Fitch Affirms Bermuda Commercial Bank At BB+

Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Ratings [IDRs] of Bermuda Commercial Bank [BCB] at ‘BB+/B’. The Rating Outlook remains Stable. The ratings agency said, “The affirmation reflects the company’s good capital levels and high on-balance sheet liquidity that provides necessary offset for the bank’s... Read more of this article

HSBC Bermuda Donates $5,725 To Coalition

HSBC Bermuda Donates $5,725 To Coalition

This week HSBC Bank Bermuda employees made a donation of $5,725 to the Coalition for the Protection of Children [CPC]. This was the second consecutive year that funds were raised for charity by HSBC Operations, Services and Technology [HOST] employees, through their Denim Day donations collected over the previous year. HSBC’s Kevin Oates and Teresa... Read more of this article

Butterfield Bank Q1 2017 Net Income: $35.9M

Butterfield Bank Q1 2017 Net Income: $35.9M

The Bank of N.T. Butterfield today announced net income for the first quarter ended 31 March 2017 of $35.9 million, an increase of $0.5 million compared to $35.4 million earned in the fourth quarter of 2016 and an increase of $9.1 million compared to $26.8 million earned in the same quarter a year ago. Core earnings for the first quarter ended 31 March... Read more of this article

Butterfield Bank Supporting ‘Seabin’ Program

Butterfield Bank Supporting ‘Seabin’ Program

The Bank of Butterfield  has joined the Seabin Global Pilot Program, and will install the pre-series V5 Hybrid Seabin at the marina at Hamilton Princess & Beach Club. The Seabin is a ‘floating trash can’ placed at marinas, docks, yacht clubs and commercial ports around the world as a part solution to the current global littering problem. Water... Read more of this article

Clarien Bank Net Profit Increases To $1.2M

Clarien Bank Net Profit Increases To $1.2M

Clarien Bank Limited, a wholly-owned subsidiary of Clarien Group Limited [CGL], announced a net profit for the year ended December 31, 2016 of $1.2m – a 133% increase over the previous 12 months. “During the past 12 months, Clarien has continued to make significant investments in its product offerings, technology, risk and operational infrastructures... Read more of this article

PwC: CEOs Confident About Revenue Growth

PwC: CEOs Confident About Revenue Growth

Banking and Capital Markets [BCM] CEOs are optimistic about their growth prospects in the year ahead with 40% saying they are very confident that they’ll achieve revenue growth over the coming 12 months, up from 31% last year. “The scope for optimism includes further rises in interest rates in the US, along with a move away from the near zero... Read more of this article

Bank Of Butterfield Adjusts Loan Base Rates

Bank Of Butterfield Adjusts Loan Base Rates

The Bank of N.T. Butterfield & Son Limited announced that, in alignment with today’s 25 basis point increase in the US Federal Funds Rate, the Bank has adjusted its Bermuda Dollar Base Rates on Bermuda Dollar loans. “The Bermuda Dollar Base Rate for residential mortgages and consumer loans will increase from 4.00% to 4.25%. The Bermuda Dollar... Read more of this article

HSBC Workforce Strive To Eliminate Hunger

HSBC Workforce Strive To Eliminate Hunger

In partnership with the Eliza DoLittle Society [TEDS], the Anglican Cathedral and the Salvation Army, the staff of HSBC rolled up their sleeves in an effort to address the issue of hunger in Bermuda. From October 2016 through to February 2017, the Bank launched its first bank-wide, team based volunteering programme comprising of 10 – 15 employees... Read more of this article

HSBC Bank Highlights 2016 Year End Results

HSBC Bank Highlights 2016 Year End Results

HSBC Bank Bermuda has posted their 2016 year end results, with CEO Mark Watkinson saying “I am delighted with HSBC Bermuda’s performance in 2016.” A spokesperson said, “HSBC Bank Bermuda Limited’s total operating income before loan impairment charges reduced by US$23m or 8% reflecting the disposal of the bank’s Private Banking... Read more of this article

Butterfield Bank: Pricing Of Secondary Offering

Butterfield Bank: Pricing Of Secondary Offering

The Bank of Butterfield today [Feb 23] announced the pricing of a registered secondary offering by certain selling shareholders of 9,555,794 of Butterfield’s voting ordinary shares at a price to the public of $31.75 per share. “Butterfield will not receive any of the proceeds from the sale of the shares,” the Bank said. “The shares... Read more of this article

Butterfield Bank To Launch Secondary Offering

Butterfield Bank To Launch Secondary Offering

The Bank of Butterfield today announced that certain of its shareholders, including affiliates of The Carlyle Group, intend to offer 9,555,794 shares of Butterfield’s voting ordinary shares, par value $0.01 per share, in an underwritten public offering. “In addition, the Selling Shareholders intend to grant the underwriters a 30-day option... Read more of this article

Bank Of Butterfield Secondary Offering Of Stock

Bank Of Butterfield Secondary Offering Of Stock

The Bank of Butterfield announced today [Feb 13] that it plans to conduct a registered public secondary offering of shares of its common stock. “All of the shares sold in the offering will be sold by certain selling shareholders. The selling shareholders have not yet determined the number of shares to be offered, and the timing of the offering... Read more of this article