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Butterfield Bank Reports Earnings Of $15.3M
The Bank of N.T. Butterfield & Son Limited announced core earnings for the first quarter ended 31 March 2013 of $15.3 million [$0.02 per Share on a fully diluted basis], compared to $14.6 million a year ago. Net income for the quarter was $13.3 million, including non-core redundancy and early retirement costs of $2.0 million, compared to net... Read more of this article
HSBC Introduce New Security For Online Banking
HSBC Bermuda is introducing a new security device to give Personal Internet Banking customers an extra layer of protection from fraudsters. The security device creates a unique security code every time the customer logs in to Personal Internet Banking. If you received a letter from HSBC Bermuda notifying you that a security device is coming, you will... Read more of this article
Matthew Elderfield To Step Down From Irish Role
Former Bermuda Monetary Authority [BMA] CEO Matthew Elderfield — who moved to Ireland in 2010 to help that country rebuild its financial regulatory functions and restore its international reputation following a series of high-profile scandals — has announced he is stepping down to pursue other interests in the UK. In a statement today [Apr.8],... Read more of this article
Butterfield Renews Share Buy-Back Programme
The Bank of N.T. Butterfield & Son Limited has renewed its Buy-back Programme for Common Shares. Butterfield introduced the Share Buy-back Programme in May 2012 and expanded it in December to allow for the repurchase of up to 10 million Common Shares. As at 31 December 2012, Butterfield had repurchased 7.3 million Common Shares under the Programme. With... Read more of this article
Enstar Completes Purchase Of HSBC Insurers
Bermuda-based Enstar Group Limited announced today [Apr.1] that one of Enstar’s wholly-owned subsidiaries completed the previously announced acquisition from Household Insurance Group Holding Company of HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware, as well as its three subsidiary insurers, on March 31, 2013.... Read more of this article
Sun. Morning: Butterfield ATMs To Be Unavailable
The Bank of Butterfield ATMs will be unavailable from 1:00 a.m. to 8:00 a.m. on Sunday, 31 March 2013 due to scheduled maintenance. A spokesperson said the Bank apoligises for any inconvenience. Related Stories Butterfield Bank Hosts America’s Cup Trophy Butterfield Share Repurchases For Nov 2025 Butterfield Share Repurchases For Oct 2025 Butterfield... Read more of this article
Butterfield Bank New Share Buyback Programme
In a filing to the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that, effective 25 March, 2013, it has cancelled the existing Common Share Buyback Programme to implement a new programme for the purchase of up to 10 million Common Shares. The Board of the Bank, at a meeting on 25 March, 2013, approved the repurchase... Read more of this article
Bermuda-Based Firm “Eyes JO Hambro”
Bermuda-based Utilico Investments has emerged as favourite to buy JO Hambro Investment Management from current owner Credit Suisse, the Financial News website is reporting tonight [Mar. 24]. According to one investor, Utilico, led by accountant Duncan Saville, is not the only potential bidder, but he said JO Hambro viewed it as the most sympathetic... Read more of this article
BCB Hosts International Women’s Day Event
On Friday, March 8th Bermuda Commercial Bank Limited invited 90 ladies to join together to attend a motivational breakfast at the Royal Hamilton Amateur Dinghy Club in Paget in celebration of International Women’s Day. International Women’s Day has been observed since the early 1900’s and is an official holiday in several countries including Afghanistan,... Read more of this article
Capital G Bank 2012 Earnings Drop To $1.1M
Capital G Bank Limited announced earnings of $1.1 million for the twelve months ending December 31, 2012, down from the $3.2 million recorded in the previous year. Absent the impact of increased loan loss provisions which were up $5.4 million year-over-year, the Bank generated net income of $6.5 million. President and Chief Executive Officer Ian Truran... 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 February 2013 the Bank bought for Treasury 83,313 common shares at an average cost of $1.297 per share. The Bank also repurchased and cancelled 129 NTB 8% Preferred shares at an average cost of $1,231.73 Related Stories Butterfield... Read more of this article
BCB Supports Female Rugby Programmes
Bermuda Commercial Bank Limited has partnered with the Bermuda Rugby Football Union to help build the Girls’ Youth Programme and recently provided funding for the new BRFU Women’s Rugby kits. The BRFU has recently received government support as well, and has begun implementing primary school, middle school and adult women’s contact and touch... Read more of this article
