Tag: Bermuda banks

Clarien: Preferred Union Members CD Rates

Clarien: Preferred Union Members CD Rates

Clarien Bank recently confirmed engagement in significant dialogue with representatives of the People’s Movement and its “commitment to continue to provide a broad range of high quality products & services to members of the community.” Further to that discussion, Clarien said they are “offering Union members a premium increase... Read more of this article

BCB’s 6 Month Consolidated Net Income: $7.9M

BCB’s 6 Month Consolidated Net Income: $7.9M

Bermuda Commercial Bank Limited announced its results for the six month period ended March 31, 2014, with a consolidated net income of $7.9 million, as compared to $5.1 million in 2013. Commenting on the financial results, J. Michael Collier, Chairman of BCB stated: “The Bank continues to maintain its commitment to a strong balance sheet and capital... Read more of this article

Government Clarifies: Pension Payment Delay

Government Clarifies: Pension Payment Delay

Citing “significant feedback” received regarding delays to the June Social Insurance HSBC online direct deposit pension payments,” the Department of Social Insurance provided an additional statement. The Department said that the affected HSBC pension payments were direct deposits only, and payments were successfully made for those... Read more of this article

Gregory Slayton Appointed To Clarien Board

Gregory Slayton Appointed To Clarien Board

Clarien Bank Limited today announced the appointment of Gregory Slayton as an independent director of its Board of Directors. Since 2009, Mr. Slayton has served as Managing Director of Slayton Capital, a private venture capital firm active in China, Hong Kong, Singapore, and Taiwan. He is a Distinguished Visiting Professor at the University of International... Read more of this article

Fitch Affirms Bermuda Commercial Bank’s IDRs

Fitch Affirms Bermuda Commercial Bank’s IDRs

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

Butterfield Bank May 2014 Share Repurchases

Butterfield Bank May 2014 Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of May, 2014, the Bank purchased for Treasury 670,214 Common Shares at an average price of $1.990 per share. In addition, in May, the Bank purchased 15 8% Preference Shares for cancellation at an average price of $1,179.31. Related... Read more of this article

People’s Campaign Calls For Review Of Banks

People’s Campaign Calls For Review Of Banks

[Updated with video + Premier's comments] The People’s Campaign hosted a press conference today [June 5] to “challenge the government to take action in regards to the policies and practices of the banking sector in Bermuda.”The People’s Campaign said they recognize that banks play a vital role in Bermuda’s economy and... Read more of this article

Michael Quinn Joins Clarien’s Board of Directors

Michael Quinn Joins Clarien’s Board of Directors

Clarien Bank Limited today announced the appointment of Michael Quinn as an independent director of its Board of Directors. Currently a trustee with the Eisenhower Medical Center in the US, Mr. Quinn has served as a strategic consultant to GSF Corporation and an advisor to the Head of Asset Management at Deutsche Bank USA. He is retired from Merrill... Read more of this article

Pettingill Appointed Clarien Chief Legal Officer

Pettingill Appointed Clarien Chief Legal Officer

Clarien Bank today [May 30] confirmed the appointment of Mark Pettingill as Chief Legal Officer, following what they said was an “extensive local and international recruitment process.” Mr. Pettingill brings over 20 years’ experience to the position, and most recently served as the Attorney-General and Minister of Legal Affairs for the... Read more of this article


Latest Tweets From Bernews