Hashtag: #BermudaBanks
Bank Of Butterfield Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of December 2012 the Bank bought for Treasury 2,578,456 common shares at an average cost of $1.251 per share. The Bank also repurchased and cancelled 3,873 NTB 8% Preferred shares at an average cost of $1,216.53 Related Stories Butterfield... Read more of this article
Police Advisory: Fake Bank E-Mail Circulating
The Bermuda Police Service Financial Crime Unit said they continue to advise the public to “remain vigilant regarding phishing e-mails that attempt to obtain personal information or other sensitive data.” “One of the latest examples currently circulating is a fake e-mail claiming to be from HSBC titled ‘Dear Customer – Account... Read more of this article
Butterfield Bank Donates $120K To Charities
The Bank of N.T. Butterfield & Son Limited has provided $120,000 in funding to local human services charities in 2012. Under the Butterfield Hope Award Programme, the Bank donated $10,000 each month to a local registered charity providing assistance to people in need in Bermuda. New this year was an employee voting component that allowed Butterfield... Read more of this article
HSBC Executive Recruited By Barclays
Global banker Barclays has appointed HSBC Bermuda executive Lincoln Fritz [pictured] to be Head of Cash Management US within its corporate banking team, a new role based in New York. At Barclays, Mr. Fritz will be responsible for driving the delivery of cash management services to multi-national companies, non-bank financial institutions, and large... Read more of this article
Island ‘Has Role To Play In Islamic Finance’
A delegation from Business Bermuda attended the World Islamic Banking Conference, the world’s largest annual gathering of international Islamic finance industry leaders, which took place in Bahrain from December 9- 11. In addition to exhibiting at the event, Business Bermuda’s Chief Executive Officer, Cheryl Packwood, joined a distinguished panel... Read more of this article
Fitch Affirms Butterfield Bank’s Ratings
The Bank of N.T. Butterfield & Son Limited announced that credit rating agency Fitch has affirmed Butterfield’s long-term Issuer Default Rating (IDR) at A-, its short-term IDR at F1 and Viability Rating at bb+. The Viability Rating, which represents Fitch’s view as to the intrinsic creditworthiness of an issuer, was placed on Watch Positive... Read more of this article
Capital G Donates $20,000 To Meals on Wheels
Today[Dec 6] Capital G made a donation of $20,000 to Meals on Wheels in lieu of holiday gifts and seasonal celebrations. The donation was presented to Meals on Wheels Chairman Joe Gibbons today at 2pm at the Capital G Reid Street branch. “This year, in addition to matching incoming donations and volunteering, we feel that it is extremely important... Read more of this article
Bahamas Bank Of Butterfield Branch Renamed
The Bank of N.T. Butterfield & Son Limited has changed the name of its Nassau-based subsidiary from Butterfield Bank (Bahamas) Limited to Butterfield Trust (Bahamas) Limited to reinforce its commitment to offering trust and fiduciary services from The Bahamas to both local and international clients. In 2011, as part of a growth strategy centred... Read more of this article
HSBC Bermuda Cuts Almost Ten Job Positions
HSBC Bermuda confirmed that they reduced a “number of roles and less than 10 employees have been impacted.” An HSBC Bermuda spokesperson stated: “As we continue to assess the business and align with target operating models, we have had to reduce a number of roles and less than 10 employees have been impacted over the last few days. “There... Read more of this article
BCB Sponsors Berkeley Institute Cycling Team
Bermuda Commercial Bank has come on board as the primary financial sponsor for The Berkeley Institute’s Cycling Team for the current academic school year. The sponsorship will provide much needed funds to help develop the program and promote the sport amongst the youth. The funds will be used to provide riding uniforms and equipment, and to provide... Read more of this article
Capital G Launches Giving Back Programme
Capital G announce the launch of its sixth annual ‘Holiday Giving Back’ fundraising programme which this year will benefit Meals on Wheels. Capital G is inviting members of the community to donate a Dollar amount of their choosing to the bank’s ‘Holiday Giving Back’ account in support of the Meals on Wheels charity. “The ‘Holiday Giving... Read more of this article
Butterfield Offers 56 Staff Early Retirement
The Bank of Butterfield has offered retirement to 56 members of its Bermuda staff. Employees offered the package are 58 to 64 years old, and it is optional – not mandatory. Michael Collins, senior executive vice-president, Bermuda, said: “The bank continually reviews the size and structure of its operations to ensure we are handling business... Read more of this article
