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Butterfield Opens Graduate Talent Programme

Butterfield Opens Graduate Talent Programme

Butterfield has announced that it is now accepting applications to its Graduate Talent Programme via its website. A spokesperson said, “The programme is distinct from previous iterations in that it is open not only to university graduates but also to bright, talented and ambitious candidates who may have chosen a different path and have work experience... Read more of this article

Butterfield: No Share Repurchases In May 2022

Butterfield: No Share Repurchases In May 2022

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of May 2022, the Bank did not repurchase Common Shares for cancellation.Related StoriesButterfield Banking Hours And Appointments Butterfield Share Repurchases For February Butterfield Share Repurchases For December Job Redundancies... Read more of this article

Premier Burt Congratulates Jewel Bank

Premier Burt Congratulates Jewel Bank

“A milestone for Bermuda’s Fintech industry” said Premier & Minister of Finance David Burt as he congratulated Jewel Bank following the issuance of their new full banking licence and Class F digital asset business license from the Bermuda Monetary Authority [BMA], noting that it is ”Bermuda’s first new bank in 21 years.” “One... Read more of this article

Jewel Bank Receives Bank & DABA License

Jewel Bank Receives Bank & DABA License

Jewel Bank has received approval from the Bermuda Monetary Authority [BMA] for its combined full bank license and digital asset business [DABA] license. The company said, “Jewel Bank is Bermuda’s first new bank in over twenty years and first digital asset bank. Jewel’s services address the core banking, payments, and settlement needs... Read more of this article

Butterfield Bank General Meeting Voting Results

Butterfield Bank General Meeting Voting Results

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced the results of the Shareholders’ vote at the Bank’s Annual General Meeting held in virtual format on May 25th. The filing stated: “Each of the proposals numbered 1 through 4 on the Meeting Agenda was approved by the requisite vote, including the... Read more of this article

Clarien Bank Increase Base Lending Rates

Clarien Bank Increase Base Lending Rates

Effective June 1st, 2022, Clarien will be adjusting its Bermuda Dollar base lending rate by 50 basis points [0.50%] following the US Federal Reserve rate increase earlier this month. A spokesperson said, “The Bermuda Dollar Base rate will increase as follows:BMD$ Increase from Increase toPersonal Mortgages 4.00% 4.50%Commercial Mortgages 4.25% 4.75%“Clients... Read more of this article

Butterfield: No Share Repurchases In April 2022

Butterfield: No Share Repurchases In April 2022

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of April 2022, the Bank did not repurchase Common Shares for cancellation.Related StoriesButterfield Banking Hours And Appointments Butterfield Share Repurchases For February Butterfield Share Repurchases For December Job Redundancies... Read more of this article

Bank Of Butterfield Adjusts Interest Rates

Bank Of Butterfield Adjusts Interest Rates

The Bank of Butterfield announced that, in response to yesterday’s 50 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits. A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans will increase by 0.50%. The rate increase... Read more of this article

HSBC Launch New Online Web Chat Platform

HSBC Launch New Online Web Chat Platform

HSBC Bermuda announced the launch of Web Chat, a new service where “customers can connect directly to HSBC agents via the HSBC website and internet banking platform.” A spokesperson said, “HSBC Bermuda is the only bank in Bermuda to offer chat capabilities, and the move comes as the bank continues to modernize and digitize their customer... Read more of this article

Butterfield Share Repurchases For March 2022

Butterfield Share Repurchases For March 2022

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2022, the Bank repurchased for cancellation 24,000 Common Shares at an average price of $36.28 per share.Related StoriesButterfield Banking Hours And Appointments Butterfield Share Repurchases For February Butterfield... Read more of this article

Clarien Appoints Pearline McIntosh To SVP

Clarien Appoints Pearline McIntosh To SVP

Clarien Bank has appointed Pearline McIntosh to SVP, Head of Private Banking. A spokesperson said, “Clarien Bank is pleased to announce the appointment of Pearline McIntosh to SVP, Head of Private Banking, responsible for the day-to-day management of the Private Banking team within Clarien’s Wealth Management group. “Mrs. McIntosh has significant... Read more of this article

Clarien Moving To Digital For Personal Banking

Clarien Moving To Digital For Personal Banking

Clarien Bank has announced it will be transitioning to a digital, self-service based model for personal banking on April 29. A spokesperson said, “Clarien Bank has announced it will be transitioning to a digital, self-service based model for personal banking. “From end of business day on April 29, all Clarien’s Personal Banking clients will... Read more of this article

HSBC: Lights On For International Women’s Day

HSBC: Lights On For International Women’s Day

In celebration of International Women’s Day, HSBC said they join the “world in celebrating the social, economic and cultural achievements of women,” and last night the Front Street facade of the Harbourview Centre was illuminated in purple, the official colour of International Women’s Day, which the bank said was “just one... Read more of this article