Tag: Bermuda banks

Clarien Appoints Ronaldo Veirano To Board

Clarien Appoints Ronaldo Veirano To Board

Clarien Bank Limited has revealed the appointment of Ronaldo Veirano as an independent director to its Board of Directors. Mr. Veirano will be responsible for advising on the bank’s growth and strategic expansion into Latin America. A spokesperson said, “Mr. Veirano’s appointment constitutes an important Board addition for Clarien Bank as... Read more of this article

Butterfield Bank July Share Repurchases

Butterfield Bank July Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of July, 2014, the Bank purchased for Treasury 1,141,532 Common Shares at an average price of $1.996 per share. In addition, in July, the Bank did not purchase any 8% Preference Shares for cancellation. Related PostsButterfield... Read more of this article

Mark Pettingill Parts Ways With Clarien Bank

Mark Pettingill Parts Ways With Clarien Bank

Only weeks after being appointed the Chief Legal Officer of Clarien Bank in May 2014, former Attorney-General Mark Pettingill has parted ways with the company. Mr. Pettingill resigned as Attorney-General on May 22, 2014 to join Clarien, being replaced by Trevor Moniz, while Mr. Pettingill remains in the House as a backbencher. In a statement issued... Read more of this article

36 Yr Old Charged Over Wrongful Bank Credit

36 Yr Old Charged Over Wrongful Bank Credit

A 36 year old man appeared in Magistrates Court this morning [Aug 7] where he denied charges alleging that he failed to take reasonable steps to have a wrongful credit of $3,200 in his bank account cancelled. Brian Bradshaw pleaded not guilty to a charge that on 20th June 2014, he “knowing or believing that a wrongful credit of $3,200″... Read more of this article

Butterfield Bank 2014 Q2 Net Income: $27.5M

Butterfield Bank 2014 Q2 Net Income: $27.5M

The Bank of N.T. Butterfield & Son Limited today announced net income for the second quarter ended 30 June 2014 of $27.5 million [$0.04 per share on a fully diluted basis] compared to $32.9 million [$0.05 per share on a fully diluted basis] in the same quarter a year ago. Core earnings for the second quarter were $26.0 million, an improvement of... Read more of this article

Dominic Tessitore Wins BCB Bank Scholarship

Dominic Tessitore Wins BCB Bank Scholarship

Bermuda Commercial Bank announced that they have awarded a Gold level scholarship to an exemplary student in our community. Dominic Tessitore, a 2014 graduate of the Berkeley Institute, was presented his scholarship on Tuesday, July 22nd by the sponsorship committee members Angelique Dowling and Stephen Outerbridge. [Left to right] Stephen Outerbridge,... Read more of this article

Full Report: KPMG On Bermuda Banking Sector

Full Report: KPMG On Bermuda Banking Sector

The 32-page KPMG in Bermuda Banking Survey was recently released, with the publication the culmination of a series of roundtable discussions between leaders and key players in Bermuda’s banking industry, including Bermuda Regulators, Board Chairmen & Directors and the Chief Executive Officers of each of the banks – as well as the results of... Read more of this article

Co-CEO Zoran Fotak On Leave From Clarien

Co-CEO Zoran Fotak On Leave From Clarien

Clarien Bank’s Co-Chief Executive Officer Zoran Fotak will be on leave until October and his official last day with Clarien Bank will be October 18, 2014, the bank confirmed today. Further details surrounding Mr. Fotak’s leave are unclear, with the bank issuing a short statement saying, “Clarien Bank Limited advised today that Zoran... Read more of this article

KPMG: Banks Remain Profitable For Third Year

KPMG: Banks Remain Profitable For Third Year

The Bermuda banking sector has remained profitable for a third consecutive year, and Bermuda’s banks continue to be focused on ensuring that their business models evolve to ensure relevance in the face of changing needs of its customers, its regulators, and its shareholders and other stakeholders, according to KPMG in Bermuda’s 2014 Banking Survey. The... Read more of this article

Collier Resigns As BCB Bank Chairman/Director

Collier Resigns As BCB Bank Chairman/Director

Bermuda Commercial Bank Limited today announced that J. Michael Collier has retired as a Director and Chairman of the Board of the Bank. Mr. Collier, a career banker has served on the BCB Board as a Director and Chairman for four years. He was formerly President and CEO of The Bank of N.T Butterfield & Son until he retired in 1996 after 33 years... Read more of this article


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