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HSBC Marks Day Of Persons With Disabilities

HSBC Marks Day Of Persons With Disabilities

Thursday is the United Nations International Day of Persons with Disabilities and HSBC is joining the world’s first PurpleLightUp 24-hour Global Broadcast, in “recognition of the economic contribution that employees with disabilities bring to organizations across the globe.” “The broadcast being facilitated by PurpleSpace, will... Read more of this article

HSBC Somerset Branch Will Close On Tuesday

HSBC Somerset Branch Will Close On Tuesday

Stating that it is “out of an abundance of caution following a possible exposure to Covid-19,” HSBC confirmed that their Somerset branch will close on Tuesday [Dec 1] and said that “it is expected that the branch will remain closed for the rest of this week.”A spokesperson said, “The HSBC Somerset branch will close tomorrow... Read more of this article

Sonia Baxendale Joins Bank Of Butterfield Board

Sonia Baxendale Joins Bank Of Butterfield Board

Sonia Baxendale has joined the Bank of N.T. Butterfield & Son Limited Board as an Independent Director. A spokesperson said, “Ms. Baxendale is an accomplished executive with extensive retail banking and wealth management leadership experience. “She has held senior leadership roles within Canadian Imperial Bank of Commerce [“CIBC”],... Read more of this article

Clarien Appoints Hanson, Melvin & Richardson

Clarien Appoints Hanson, Melvin & Richardson

Clarien Bank announced the appointment of three new team members – Jennifer Hanson, the new SVP, Head of Trust and Family Office, Alistair Melvin, Investment Analyst, and Dajon Richardson, Associate Investment Analyst. A spokesperson said, “Clarien Bank Limited today announced the appointment of three new team members, including Jennifer Hanson,... Read more of this article

Agreement To Sell Bermuda Commercial Bank

Agreement To Sell Bermuda Commercial Bank

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited said it has entered into an agreement which will result in the sale of Bermuda Commercial Bank to the investment company Provident Holdings. The filing stated, “Somers Limited, a BSX listed financial services investment holding company, is pleased to announce that it has entered... Read more of this article

Bill To Create Bermuda National Digital Bank

Bill To Create Bermuda National Digital Bank

The Legislature will be considering Bills to “create the Bermuda National Digital Bank, to reform banking laws and regulations, and to establish a Bermuda base interest rate.” This was one of the initiatives included in the 2020 Throne Speech, which said, “During this Session, the Legislature will be invited to consider Bills to create... Read more of this article

HSBC Invites Businesses To Join Programme

HSBC Invites Businesses To Join Programme

HSBC Bermuda is inviting local businesses to join the “HSBC home&Away programme,” which provides HSBC card holders offers on travel, shopping, dining, wellbeing, education and experiences from around the world. A spokesperson said, “At HSBC Bermuda we understand that these are challenging times for our personal clients and the... Read more of this article

Butterfield Reports Third Quarter 2020 Results

Butterfield Reports Third Quarter 2020 Results

The Bank of N.T. Butterfield & Son Limited today announced financial results for the third quarter ended September 30, 2020. “Net income for the third quarter was $30.5 million, or $0.61 per diluted common share, compared to $34.3 million, or $0.67 per diluted common share for the previous quarter, and $42.4 million, or $0.79 per diluted... Read more of this article

Job Redundancies At Butterfield Group

Job Redundancies At Butterfield Group

51 employees across the Butterfield Group internationally were advised “that their positions were made redundant” and ”roughly half of the positions impacted are based in Bermuda,” the company has confirmed. A spokesperson said, “Butterfield confirms that 51 employees across the Group internationally were advised on Monday... Read more of this article

Temporary Bank Centre At Rosebank To Cease

Temporary Bank Centre At Rosebank To Cease

The Bank of Butterfield announced that its “temporary Banking Centre at Rosebank will cease operations at close of busines”s on Friday [Oct 2]. A spokesperson said, “Commencing on Monday, 5 October, a dedicated teller will be established in the Bank’s Reid Street Banking Centre to assist senior clients and those with disabilities. Clients... Read more of this article

Clarien Bank To Resume Operations On Tuesday

Clarien Bank To Resume Operations On Tuesday

Clarien Bank will resume their normal business operations on Tuesday following the passage of Hurricane Teddy. A spokesperson said, “Clarien Bank will resume normal business operations on Tuesday, September 22 following closure due to Hurricane Teddy. A thorough assessment of all facilities and systems has been completed to ensure the safety and... Read more of this article

Butterfield Bank To Reopen On Tuesday

Butterfield Bank To Reopen On Tuesday

The Bank of Butterfield will be open for business at 9.00am tomorrow [Sept 22]. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited advises the public that its offices and Banking Centres in Bermuda will be open for business as usual at 9:00 a.m. ADT on Tuesday, 22 September 2020.” You can view our live updates on Hurricane Teddy... Read more of this article

Clarien Bank Offices To Close On Monday

Clarien Bank Offices To Close On Monday

All Clarien Bank Limited offices will be closed on Monday [Sept 21] due to Hurricane Teddy. A spokesperson said, “All Clarien Bank Limited offices will be closed on Monday, September 21 in anticipation of inclement weather due to Hurricane Teddy. “Updates regarding the resumption of normal business operations on Tuesday, September 22 will be communicated... Read more of this article