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Clarien Offices To Close At 12pm Today

Clarien Offices To Close At 12pm Today

Clarien Bank offices to close at 12 noon today, and remain closed on Friday due to Hurricane Fiona. A spokesperson said, “For the safety and security of our clients and employees, please be advised that all Clarien Bank offices will close at 12 noon on Thursday, September 22 and remain closed through Friday, September 23 due to Hurricane Fiona.... Read more of this article

Butterfield Bank Advisory On Hurricane Fiona

Butterfield Bank Advisory On Hurricane Fiona

Bank of Butterfield is advising the public that due to Hurricane Fiona, all Butterfield Banking Centres in Bermuda will be closing at 12 noon tomorrow [Sept 22] and plan to reopen on Monday, 26 September, at 9.00am. A spokesperson said, Some ATM’s will be temporarily unavailable from tomorrow morning due to hurricane preparations. Any no-wait deposits... Read more of this article

Bank Of Butterfield Adjusts Rates

Bank Of Butterfield Adjusts Rates

The Bank of N.T. Butterfield & Son Limited announced that, in response to today’s 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... Read more of this article

Butterfield: No Share Repurchases In August

Butterfield: No Share Repurchases In August

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of August 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking Hours And Appointments Butterfield Share Repurchases... Read more of this article

Survey: 58.8% Satisfied With Their Primary Bank

Survey: 58.8% Satisfied With Their Primary Bank

According to a recent survey released by Profiles of Bermuda on how residents were satisfied with their primary bank, 58.8% were satisfied, while 41.2% were dissatisfied. A spokesperson said, “In a recent survey, residents were asked how satisfied they were with their primary bank. Nearly 6 in 10 [58.8%] were satisfied, while more than 4 in 10... Read more of this article

HSBC’s Offices To Open At 10am Tomorrow

HSBC’s Offices To Open At 10am Tomorrow

HSBC Bermuda’s offices will open at 10.00am tomorrow [Sept 9] due to the approach of Hurricane Earl. A spokesperson said, “Out of an abundance of caution due to the formation of Hurricane Earl, HSBC Bermuda’s offices will open at 10.00am tomorrow, September 9th, 2022. “The bank will advise accordingly should there be any further updates regarding... Read more of this article

Butterfield Preparations For Hurricane Earl

Butterfield Preparations For Hurricane Earl

Butterfield is advising the public that due to Hurricane Earl, all Butterfield Banking Centres and offices in Bermuda will be closing at 3.00pm today [Sept 8]. A spokesperson said, “At this time, Butterfield anticipates reopening its Banking Centres tomorrow [Friday, 9 September] at 12 p.m. provided it is safe to do so. “Some ATM’s will be temporarily... Read more of this article

Credit Suisse Signs Agreements With Butterfield

Credit Suisse Signs Agreements With Butterfield

Credit Suisse has signed agreements with Butterfield and Gasser Partner to sell its global trust business. A spokesperson said, “Credit Suisse has signed two agreements to sell the Credit Suisse Trust business to Butterfield and Gasser Partner. All parties are committed to ensuring a seamless transition with a focus on the continuation of services... Read more of this article

Clarien Bank Increase In Base Lending Rates

Clarien Bank Increase In Base Lending Rates

Effective September 1, 2022, Clarien will be adjusting its Bermuda Dollar base lending rate by 50 basis points [0.50%] following the US Federal Reserve rate increase on July 27, 2022. A spokesperson said, “Clarien base lending rates will increase as follows: BMD$ Increase from Increase to Personal Mortgages 4.50% 5.00% Commercial Mortgages 4.75% 5.25% “Clients... Read more of this article

Butterfield: No Share Repurchases In July 2022

Butterfield: No Share Repurchases In July 2022

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of July 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking Hours And Appointments Butterfield Share Repurchases... Read more of this article

HSBC Bank To Raise Its Base Lending Rate

HSBC Bank To Raise Its Base Lending Rate

HSBC Bank Bermuda announced today “that it will increase its base lending rate by 0.50%, effective 4 October 2022.” A spokesperson said, “The Bank would like to make its customers aware that the base rate for Bermuda dollar residential mortgages and consumer loans will increase by 0.50%, i.e. from 3.50% to 4.00%. This will be the... Read more of this article

Bank Of Butterfield Adjusts Rates

Bank Of Butterfield Adjusts Rates

The Bank of Butterfield announced that “in response to today’s 75 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by half a percentage point [0.5%], absorbing a third of the rise.” A spokesperson said, “The change in the US Federal Funds Rate has a significant... Read more of this article

Butterfield Reports Second Quarter 2022 Results

Butterfield Reports Second Quarter 2022 Results

The Bank of Butterfield  announced financial results for the second quarter ended June 30, 2022. A spokesperson said, “Net income for the second quarter of 2022 was $49.1 million or $0.99 per diluted common share compared to net income of $44.4 million, or $0.89 per diluted common share, for the previous quarter and $39.6 million, or $0.79... Read more of this article