Tag: Bermuda banks

Atherden, Gilbertson Appointed To BCB Board

Atherden, Gilbertson Appointed To BCB Board

Bermuda Commercial Bank’s Board of Directors have appointed two new members to the Board, Ms. Jeanne Atherden and Mr. Alan Gilbertson. Ms. Atherden assumed her post on the BCB Board on December 18, 2013. A graduate of McGill University, Ms. Atherden has over 30 years of accounting, finance, and trust experience in management roles within several different... Read more of this article

Capital G Ltd Acquired By CWH/Clarien Group

Capital G Ltd Acquired By CWH/Clarien Group

[Updated] CWH Ltd will assume the majority ownership of Capital G Limited, while Edmund Gibbons Ltd will remain involved as a minority shareholder, it was announced today [Jan 7]. CWH Limited founders include David Carrick, Robert Flohr, Zoran Fotak, Mitchell Hedstrom, Ian Truran and Keith Stock, who the company said “will play an active role... Read more of this article

Bank Of Butterfield Names New Executive VP

Bank Of Butterfield Names New Executive VP

The Bank of N.T. Butterfield & Son Limited has named John Maragliano [pictured] Executive Vice President & Chief Financial Officer. Mr. Maragliano was previously Senior Vice President, Finance and was appointed Interim Chief Financial Officer in August 2013. Mr. Maragliano joined Butterfield in 2002 from PwC Bermuda to head the Treasury Middle... Read more of this article

Fitch Affirms Bermuda Commercial Bank Ratings

Fitch Affirms Bermuda Commercial Bank Ratings

Fitch Ratings has affirmed the Long- and Short-term Issuer Default Ratings [IDRs] of Bermuda Commercial Bank [BCB] at ‘BBB-/F3′. The Ratings Outlook was revised to Stable from Negative. A statement from Fitch said, “The affirmation of BCB’s IDRs reflects the company’s liquid balance sheet, which continues to be more liquid... Read more of this article

Butterfield Bank November Share Repurchases

Butterfield Bank November Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of November, 2013, the Bank purchased for Treasury 112,645 Common Shares at an average price of $1.393 per share. In addition, in June the Bank purchased for cancellation 67 8% Preference Shares at an average price of $1,182.00. Related... Read more of this article

HSBC Confirm “Roles Will Be Made Redundant”

HSBC Confirm “Roles Will Be Made Redundant”

[Updated] HSBC Bermuda confirmed this afternoon [Nov 28] that “some existing roles will be made redundant” to “accommodate the new structure.” The company did not confirm exactly how many people will be laid off, and unofficial reports range quite a bit. HSBC did note that new part time roles will be created, as well as four... Read more of this article

Bank of Butterfield October Share Repurchases

Bank of Butterfield October Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of Butterfield announced that during the month of October, 2013, the Bank purchased for Treasury 212,559 Common Shares at an average price of $1.399 per share. In addition, in June the Bank purchased for cancellation 277 8% Preference Shares at an average price of $1,199.86. Related PostsButterfield... Read more of this article

HSBC Debit Cardholders Travel Voucher Draw

HSBC Debit Cardholders Travel Voucher Draw

All HSBC Visa Debit Cardholders have a chance to win travel vouchers every time they buy Bermuda from now until January 1, 2014. Every HSBC Visa Debit Card transaction for local purchases will earn an entry to a lucky draw. HSBC is holding a weekly draw for a $500 travel voucher and the grand prize is a $5,000 travel voucher. A spokesperson said, “What’s... Read more of this article

Butterfield Bank Introduce Mobile Banking Apps

Butterfield Bank Introduce Mobile Banking Apps

The Bank of Butterfield today [Oct 21] introduced their new Mobile Banking Apps which are available in the Apple App Store, the Google Play Store and BlackBerry’s AppWorld. The app allows Butterfield customers to perform a wide range of banking transactions, securely, while on the go at any time of day or night. Personal banking services include:Balance... Read more of this article

Four People Made Redundant At Capital G

Four People Made Redundant At Capital G

Capital G confirmed that it has recently made four positions redundant as part of its “ongoing re-evaluation of its business in meeting its client needs and strategic objectives.” Last year the company made 13 people redundant, citing the “identification of recent operational efficiencies and the need to meet the skill sets required in... Read more of this article