Hashtag: #BermudaBanks
Video: Bankers Association & Police Conference
[Updated] The Bermuda Bankers Association and the Bermuda Police Service a holding a press conference regarding financial crime awareness. We will have additional coverage later on and in the meantime the live video is below Update 5.12pm: A spokesperson said, “The Bermuda Police Service [BPS] and the Bermuda Bankers Association [BBA] today announce... Read more of this article
Butterfield Bank December Share Repurchases
The Bank of Butterfield repurchased for cancellation 490,527 common shares at an average price of $37.24 per share in December 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased... Read more of this article
Butterfield Appoints New Registrar & Agent
The Bank of Butterfield has notified the Bermuda Stock Exchange about the appointment of a new Registrar and Transfer Agent for its Bermuda-registered common shares. The filing stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.16 of the Bermuda Stock Exchange Listing Regulations,... Read more of this article
Butterfield Earns ‘Bank Of The Year’ Award
Butterfield has retained the Bank of the Year award for Bermuda as announced by The Banker, an international financial affairs publication owned by the Financial Times. “The Banker’s Bank of the Year Awards aim to recognise lenders that have grown while retaining a solid balance sheet, improved the quality of their service, invested in technology... Read more of this article
Butterfield Announce Share Repurchase Program
The Bank of Butterfield announced that its Board of Directors has “approved a $100 million ordinary share repurchase program pursuant to which the Bank is authorized to purchase up to 2.7 million of its ordinary shares through December 31, 2025.” Michael Collins, Chairman and Chief Executive Officer, said, “I am pleased to announce a new... Read more of this article
HSBC Bermuda Launches 3D Secure Feature
HSBC Bermuda announced the introduction of 3D Secure, a “feature designed to provide HSBC customers with extra protection for their online debit card transactions.” A spokesperson said, “This new online shopping protection will be available for all HSBC debit card holders at no additional cost.” Head of Wealth and Personal Banking... Read more of this article
Butterfield Bank November Share Repurchases
The Bank of Butterfield repurchased for cancellation 339,014 common shares at an average price of $37.81 per share in November 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased... Read more of this article
Butterfield Bank October Share Repurchases
The Bank of Butterfield repurchased for cancellation 432,876 common shares at an average price of $37.31 per share in October 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased... Read more of this article
Butterfield Reports Third Quarter 2024 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended September 30, 2024. A spokesperson said, “Net income for the third quarter of 2024 was $52.7 million, or $1.16 per diluted common share, compared to net income of $50.6 million, or $1.09 per diluted common share, for the previous quarter and $48.7... Read more of this article
Butterfield Reducing Base Interest Rates
The Bank of Butterfield & Son Limited announced that it is reducing its base interest rates on loans and mortgages by a quarter of a percentage point [0.25%]. A spokesperson said, “The change in base rates applies to Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans. The rate reduction on loans takes effect... Read more of this article
HSBC Appoints Gregory Garnier As CEO
HSBC announced the appointment of Gregory Garnier as CEO of HSBC Bank Bermuda Limited, effective September 23, 2024. A spokesperson said, “Gregory Garnier, joined HSBC 22 years ago in Mergers and Acquisitions in Paris and has led teams in France and the US in a wide range of Investment Banking and Global Banking roles. His most recent assignment... Read more of this article
Butterfield Bank August Share Repurchases
The Bank of Butterfield repurchased for cancellation 351,110 common shares at an average price of $36.15 per share in August 2024. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company... Read more of this article
