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Butterfield Completes Migration Of HSBC Trust

Butterfield Completes Migration Of HSBC Trust

Following its acquisition of Bermuda Trust Company Ltd. and the private banking investment management operations of HSBC Bank Bermuda Limited on 29 April 2016, The Bank of N.T. Butterfield & Son Limited today [May 4] announced that former HSBC Bermuda employees, their clients and accounts have successfully transitioned to Butterfield. Butterfield... Read more of this article

Bank Of Butterfield Reports First Quarter Profit

Bank Of Butterfield Reports First Quarter Profit

The Bank of N.T. Butterfield & Son Limited today announced core earnings for the first quarter ended 31 March 2016 of $36.0 million, an improvement of $7.0 million compared to $29.0 million earned in the same quarter a year ago. The core cash earnings per share increased $0.02 to $0.07 per share. The core cash return on average tangible common... Read more of this article

Clarien Reports Financials & $12.6M Investment

Clarien Reports Financials & $12.6M Investment

Clarien Bank Limited, a wholly-owned subsidiary of Clarien Group Limited [CGL] announced that it has continued to make significant investments in expanding its product offerings, technology, risk and operational infrastructures. Clarien said that “despite the continued economic challenges on-island” they “remained focused on its ongoing... Read more of this article

HSBC Bank Employees Continue To Give Back

HSBC Bank Employees Continue To Give Back

This week, HSBC Bank Bermuda employees made two separate donations of $4,000 each to the Order of St. John’s Ambulance Bermuda and Friends of Hospice. Kevin Oates – HSBC presenting to Veronica DeSilva of the Order of St. John’s Ambulance Bermuda. With Mr Oates are HSBC employees Teresa Watts, Jeanann Edwards, Gloria Aguiar and Kelly Weakley.The... Read more of this article

Butterfield Named “Best Bank” By Global Finance

Butterfield Named “Best Bank” By Global Finance

The Bank of N.T. Butterfield & Son Limited has been named Global Finance’s best bank in Bermuda in its 23rd annual selection of the world’s best banks in developed markets, the second year Butterfield has received this award. Global Finance is a US-based periodical providing analysis and articles on financial markets and financial institutions,... Read more of this article

Clarien Bank To Increase Base Lending Rates

Clarien Bank To Increase Base Lending Rates

Effective June 21, 2016 Clarien Bank Limited will be increasing its BMD$ personal base lending rate by 25 basis points [0.25%] from 3.50% to 3.75% and its BMD$ commercial base lending rate by 50 basis points [0.50%] from 3.50% to 4.00%. “These increases are as a result of changes to the US Federal Reserve Rates in late 2015 and ongoing changes... Read more of this article

Clarien: Enhanced Online Banking & New Cards

Clarien: Enhanced Online Banking & New Cards

Clarien Bank today [March 9] announced the launch of Clarien iBank, its new enhanced online banking platform, and also announced that on Thursday, March 10, it will be launching a new suite of Clarien VISA® Credit Cards. “Clarien iBank, which replaces the Bank’s eBanking platform, provides customers with improved control, security, functionality... Read more of this article

Bank Foundation Announce New Scholarships

Bank Foundation Announce New Scholarships

The Bank of Bermuda Foundation announced that two new scholarships are available for Bermuda students, with the Donald P. Lines Award valued at $15,000 per annum for one year, and the Bank of Bermuda Foundation Vocational Award is valued at $24,000 per annum for two years. A spokesperson for Bank of Bermuda Foundation said that these two awards represent... Read more of this article

HSBC Bank Bermuda 2015 Year End Results

HSBC Bank Bermuda 2015 Year End Results

HSBC Bank Bermuda Limited’s total operating income before loan impairment charges reduced by US $22m or 7% which reflected the sale of much of the bank’s Cayman operations in 2014, as well as the economic environment. Net operating income increased as the business benefited from the impact of lower loan impairment charges. Total loan impairment... Read more of this article

Butterfield Bank Earnings Increase In 2015

Butterfield Bank Earnings Increase In 2015

The Bank of N.T. Butterfield & Son Limited today announced core earnings for 2015 of $113.9 million, an improvement of $7.5 million compared to $106.4 million earned in 2014. The core cash earnings per share increased $0.03 to $0.20 per share. The core cash return on average tangible common equity improved to 18.4% in 2015, compared to 15.1% in... Read more of this article

Court: Two Men Charged With Multiple Counts

Court: Two Men Charged With Multiple Counts

Appearing in Magistrates Court this morning [Feb 22], two men —  who the Crown Prosecutor said were believed to be Bulgarian nationals — faced multiple charges involving stealing, and attempting to steal money from three of Bermuda’s banks. Chavdev Bachev, 42 and Georgi Todorov, 41, were not required to enter pleas as their case will... Read more of this article

Butterfield To Wind Down UK Private Bank

Butterfield To Wind Down UK Private Bank

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced the winding down of UK Private Bank. The filing stated: The Bank of N.T. Butterfield & Son Limited today announced that it has commenced an orderly wind down of the deposit taking and investment management businesses of its wholly owned London... Read more of this article

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