Tag: Bermuda banks

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

Clarien Bank Appoints Buford Alexander

Clarien Bank Appoints Buford Alexander

Clarien Bank Limited today [May 28] announced the appointment of Buford Alexander as an independent director of its Board of Directors. The Company said this appointment “exemplifies Clarien’s strategy to attract directors with global experience – another step toward expanding the organization into asset management, corporate and institutional... Read more of this article

Marc Bean: Pettingill Accepted Clarien Bank Job

Marc Bean: Pettingill Accepted Clarien Bank Job

According to Opposition Leader Marc Bean, Attorney-General Mark Pettingill has accepted a job at Clarien Bank, which recently rebranded after being known as Capital G. Speaking in the House of Assembly on Friday [May 16] Mr. Bean said, “The word is coming from the One Bermuda Alliance benches is that our learned Attorney General has accepted a... Read more of this article

Clarien Bank Fee Schedule Effective May 1st

Clarien Bank Fee Schedule Effective May 1st

Clarien Bank — which recently rebranded after being known as Capital G bank — has a new fee schedule effective today [May 1]. Some examples of the new fees include: Personal Chequing Monthly Maintenance Fee of $3/month, Cheque Processing fee of $1.50 per cheque, Incoming Payments carry a $7 fee, while the use of non-Clarien Bank ATM carries... Read more of this article

Mass. Group Cite Cayman & Bermuda Accounts

Mass. Group Cite Cayman & Bermuda Accounts

At a press conference held this week in Boston, an advocacy group said over 40 Massachusetts hospitals had money stored in offshore accounts and urged legislators to demand greater transparency by passing The Hospital Profit Transparency & Fairness Act. The advocates provided a list of over 40 Massachusetts hospitals with offshore accounts [PDF],... Read more of this article


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