Comments on: Butterfield To Acquire Bermuda Trust Company https://bernews.com/2015/10/butterfield-acquire/ Bermuda's #1 source for 24/7 breaking news, photos & videos Fri, 10 Apr 2026 18:37:28 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: Faulk https://bernews.com/2015/10/butterfield-acquire/#comment-3084336 Wed, 28 Oct 2015 16:51:10 +0000 http://bernews.com/?p=458980#comment-3084336 You are giving them too much credibility – the smallest, most local part of the business is what they are left with. They would shut it in an instant if they were not so heavily exposed to local real estate – their own and the loan book.

]]> By: Sobe https://bernews.com/2015/10/butterfield-acquire/#comment-3084069 Wed, 28 Oct 2015 10:58:05 +0000 http://bernews.com/?p=458980#comment-3084069 HSBC putting the final nails in the Bank of Bermuda coffin during Halloween week… now they are left with Retail banking to find a way to offload…Ironic they broke off the two key businesses / reasons why they bought BOB in the first place – fund and trust administration. Big Banks…SMH…

]]> By: Not so Safe https://bernews.com/2015/10/butterfield-acquire/#comment-3083979 Wed, 28 Oct 2015 08:59:03 +0000 http://bernews.com/?p=458980#comment-3083979 I guess you didn’t read the whole article – “Following the completion of the transaction, HSBC Bank Bermuda Limited will continue to focus on customers in our three core business lines: Retail Banking & Wealth Management [including HSBC Premier and Asset Management], Commercial Banking and Global Banking & Markets.”

]]> By: Keepin' it Real!...4Real! https://bernews.com/2015/10/butterfield-acquire/#comment-3083423 Tue, 27 Oct 2015 23:11:16 +0000 http://bernews.com/?p=458980#comment-3083423 Hmmm…HSBC…I smell the central banking cabal as it infests it’s way upon my shores.

BUT on a lighter note I guess my interests rates SHOULD be getting a pleasant review now huh..?? Money is being made…somewhere.

I’m getting cramp in my neck from looking up with my mouth open waiting for that “trick”Le down effect.

]]> By: Lalalala https://bernews.com/2015/10/butterfield-acquire/#comment-3083383 Tue, 27 Oct 2015 22:37:26 +0000 http://bernews.com/?p=458980#comment-3083383 Not a surprise… HSBC have been working to remove themselves from the retail banking business everywhere they had a presence. This was happening since the day they purchased BoB

]]> By: Faulk https://bernews.com/2015/10/butterfield-acquire/#comment-3083187 Tue, 27 Oct 2015 20:06:19 +0000 http://bernews.com/?p=458980#comment-3083187 Unbelievable. HSBC have done Betmuda no favours and they are ditching this business as fast as they can only in the interest of appeasing regulators elsewhere.

]]>