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Butterfield: No Share Repurchases In October
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of October 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Clarien Bank Increase In Base Lending Rates
Effective December 1, 2022, Clarien will be “adjusting its Bermuda Dollar base lending rate by 50 basis points [0.50%] and the USD Prime base lending rate by 75 basis points [0.75%] following the US Federal Reserve rate increase on September 21, 2022.” A spokesperson said, ““Clarien base lending rates will increase as follows: BMD$ Increase... Read more of this article
Butterfield Reports Third Quarter 2022 Results
The Bank of Butterfield today announced financial results for the quarter ended September 30, 2022. A spokesperson said, “Net income for the third quarter of 2022 was $57.4 million, or $1.15 per diluted common share, compared to net income of $49.1 million, or $0.99 per diluted common share, for the previous quarter and $39.8 million, or $0.80... Read more of this article
Butterfield: No Share Repurchases In September
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of September 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Clarien Offices To Close At 12pm Today
Clarien Bank offices to close at 12 noon today, and remain closed on Friday due to Hurricane Fiona. A spokesperson said, “For the safety and security of our clients and employees, please be advised that all Clarien Bank offices will close at 12 noon on Thursday, September 22 and remain closed through Friday, September 23 due to Hurricane Fiona.... Read more of this article
Butterfield Bank Advisory On Hurricane Fiona
Bank of Butterfield is advising the public that due to Hurricane Fiona, all Butterfield Banking Centres in Bermuda will be closing at 12 noon tomorrow [Sept 22] and plan to reopen on Monday, 26 September, at 9.00am. A spokesperson said, Some ATM’s will be temporarily unavailable from tomorrow morning due to hurricane preparations. Any no-wait deposits... Read more of this article
Bank Of Butterfield Adjusts Rates
The Bank of N.T. Butterfield & Son Limited announced that, in response to today’s 75 basis point increase in the target range of the US Federal Funds Rate, it is “adjusting its base interest rates on loans by a quarter of a percentage point [0.25%], absorbing two thirds of the rise.” A spokesperson said, “The change in base rates... Read more of this article
Butterfield: No Share Repurchases In August
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of August 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Survey: 58.8% Satisfied With Their Primary Bank
According to a recent survey released by Profiles of Bermuda on how residents were satisfied with their primary bank, 58.8% were satisfied, while 41.2% were dissatisfied. A spokesperson said, “In a recent survey, residents were asked how satisfied they were with their primary bank. Nearly 6 in 10 [58.8%] were satisfied, while more than 4 in 10... Read more of this article
HSBC’s Offices To Open At 10am Tomorrow
HSBC Bermuda’s offices will open at 10.00am tomorrow [Sept 9] due to the approach of Hurricane Earl. A spokesperson said, “Out of an abundance of caution due to the formation of Hurricane Earl, HSBC Bermuda’s offices will open at 10.00am tomorrow, September 9th, 2022. “The bank will advise accordingly should there be any further updates regarding... Read more of this article
Butterfield Preparations For Hurricane Earl
Butterfield is advising the public that due to Hurricane Earl, all Butterfield Banking Centres and offices in Bermuda will be closing at 3.00pm today [Sept 8]. A spokesperson said, “At this time, Butterfield anticipates reopening its Banking Centres tomorrow [Friday, 9 September] at 12 p.m. provided it is safe to do so. “Some ATM’s will be temporarily... Read more of this article
Credit Suisse Signs Agreements With Butterfield
Credit Suisse has signed agreements with Butterfield and Gasser Partner to sell its global trust business. A spokesperson said, “Credit Suisse has signed two agreements to sell the Credit Suisse Trust business to Butterfield and Gasser Partner. All parties are committed to ensuring a seamless transition with a focus on the continuation of services... Read more of this article
Clarien Bank Increase In Base Lending Rates
Effective September 1, 2022, Clarien will be adjusting its Bermuda Dollar base lending rate by 50 basis points [0.50%] following the US Federal Reserve rate increase on July 27, 2022. A spokesperson said, “Clarien base lending rates will increase as follows: BMD$ Increase from Increase to Personal Mortgages 4.50% 5.00% Commercial Mortgages 4.75% 5.25% “Clients... Read more of this article
Butterfield: No Share Repurchases In July 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of July 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
HSBC Bank To Raise Its Base Lending Rate
HSBC Bank Bermuda announced today “that it will increase its base lending rate by 0.50%, effective 4 October 2022.” A spokesperson said, “The Bank would like to make its customers aware that the base rate for Bermuda dollar residential mortgages and consumer loans will increase by 0.50%, i.e. from 3.50% to 4.00%. This will be the... Read more of this article
Bank Of Butterfield Adjusts Rates
The Bank of Butterfield announced that “in response to today’s 75 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by half a percentage point [0.5%], absorbing a third of the rise.” A spokesperson said, “The change in the US Federal Funds Rate has a significant... Read more of this article
