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Students Cataloguing Bank’s Art Collection
Among the 28 students that The Bank of N.T. Butterfield & Son Limited has hired for its Summer Student Programme are Courtney Clay and Lara Hetzel who are updating and automating the inventory of the Bank’s art collection. Butterfield has an interesting collection of artwork, photographs and historic maps of Bermuda. The collection is periodically... Read more of this article
Butterfield Bank Welcomes 28 Summer Students
The Bank of Butterfield is providing summer employment to 28 students under its 2013 Summer Student Programme. The Programme, which runs from May through August, provides an opportunity for Bermudian high school, college and university students to gain business experience and develop skills and important business contacts. This year, Butterfield has... Read more of this article
Butterfield Bank May 2013 Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of May 2013 the Bank bought for Treasury 2,500 common shares at an average cost of $1.403 per share. There were no NTB 8% Preferred shares repurchased during the month of May. Related Stories Butterfield Bank Hosts America’s... Read more of this article
Capital G International Card Issue Now Resolved
The technical issue that prevented the use of Capital G debit cards at international ATMs has now been resolved, Capital G Chief Banking Officer Bob Wilson said, Mr Wilson said that customers are now able to request and receive cash withdrawals without the system error that previously resulted in customer’s accounts being debited without their funds... Read more of this article
Wilson Joins Capital G As Chief Banking Officer
Capital G has announced Bob Wilson as Chief Banking Officer for the organization. With over 40 years of Retail and Commercial Banking experience in the UK [London and Channel Islands] and Bermuda, Mr Wilson’s career has progressed through a range of financial expertise, including retail, corporate and private banking, with more than 10 years in... Read more of this article
Bermuda National Ltd. Releases Q/1 Results
Bermuda National Limited, a Bermuda exempted financial services investment holding company, has released its results for the quarter and six months ended March 31, 2013. Highlights for the six months ended March 31, 2013: Announcement of the proposed acquisition of J O Hambro Investment Management Limited (“J O Hambro”), subject to regulatory approval; Consolidated... Read more of this article
Capital G Card Use In International Locales
Some Capital G customers may be experiencing issues with the use of their Capital G cards overseas, and Capital G said they are aggressively working with their U.S. vendor to resolve the issue. Capital G Chief Banking Officer, Bob Wilson, said: “We are aware that some Capital G customers requesting cash withdrawals from international ATMs or attempting... Read more of this article
Report: ‘HSBC Will Turn Back On Tax Havens’
[Updated - HSBC Bermuda said they are "committed to our business in Bermuda."] The chairman of HSBC — the parent company of HSBC Bermuda — has “pledged to cut the bank’s business with tax havens around the world,” according to a report by The Times entitled “We will turn our backs on tax havens, says HSBC.” “Facing... Read more of this article
Moody’s Downgrades Bank Of Butterfield
Shortly after Moody’s announced they downgraded Bermuda’s rating to Aa3 and changed the outlook to negative earlier today [May 16], they confirmed they downgraded the ratings of the Bank of N.T. Butterfield & Son Limited. The rating outlook is stable. A statement from the ratings agency said, “The downgrade reflects Butterfield’s... Read more of this article
Butterfield UK Bank’s New Deposit Account
London’s Butterfield Private Bank — part of the Bermuda-headquartered Butterfield Group — has launched a six month, fixed-term deposit account designed for high and ultra high net worth individuals. The Butterfield 25 Deposit offers competitive interest rates on a tiered schedule, based on the level of funds deposited. Clients will... Read more of this article
Butterfield Bank Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of April 2013, the Bank purchased for Treasury 1,080,774 Common Shares at an average cost of $1.40 per share. No 8% preferred shares were bought in April for the Buy Back Program. Related Stories Butterfield Bank Hosts America’s... Read more of this article
Minister Richards Appears On UK’s Sky News
Yesterday [May 2] Minister of Finance Bob Richards appeared on Sky News to discuss Bermuda’s decision to negotiate and sign a FATCA Intergovernmental Agreement [IGA] Model 2 with the USA, the UK, and the G5 European Union countries once the G5 European Union Multilateral FATCA is established. This agreement will essentially result in financial institutions... Read more of this article
