Hashtag: #BermudaBanks
Bank of Butterfield Promotes Shawnette Griffin
The Bank of Butterfield announced that Shawnette Griffin has been promoted to the new role of Senior Vice President, Head of Retail Banking and Operations, Bermuda. A spokesperson said, “Shawnette has worked with Butterfield for over 30 years. She started her career as a trust administrator and transitioned to loans before working her way up... Read more of this article
Clarien Bank Launch Digital Account Opening
Clarien Bank is offering a new “account onboarding application that takes just 15 minutes, completed 100% online” which is “designed to allow clients to stress less about bank lines and reduce the paperwork traditionally required to open a new account.” A spokesperson said, “In a first for the Bermuda market, Clarien is attracting... Read more of this article
Butterfield Reports Third Quarter 2021 Results
The Bank of N.T. Butterfield & Son Limited has announced its financial results for the third quarter ended September 30, 2021 A spokesperson said, “Net income for the third quarter of 2021 was $39.8 million, or $0.80 per diluted common share, compared to net income of $39.6 million, or $0.79 per diluted common share, for the previous quarter and... Read more of this article
HSBC Comment On Reports Of Redundancies
“We will work closely with impacted employees who may seek further opportunities within the Bank,” an HSBC spokesperson said. When asked about suggestions there may have been 21 redundancies at the bank, an HSBC spokesperson said: “At HSBC Bank Bermuda Limited we continuously review the roles required to make the bank fit for the future and... Read more of this article
Clarien Bank Appoints Miguel DaPonte
Clarien Bank announced the appointment of Miguel DaPonte to VP, Investment Manager. A spokesperson said, “Clarien Bank is pleased to announce the appointment of Miguel DaPonte to VP, Investment Manager, responsible for the growth of new business, as well as the development and execution of investment strategies for ultra- high-net-worth, high-net-worth,... Read more of this article
‘Limited Persons Will Be Given Access To Branch’
Citing the “current Covid outbreak,” Clarien said they have “made adjustments to its teller operations and its overall banking services with immediate effect.” A spokesperson said, “As a result of the current Covid outbreak and out of an abundance of caution for both our employees and clients, Clarien has made adjustments... Read more of this article
Butterfield Banking Hours And Appointments
The Bank of Butterfield today announced that beginning Monday [Sept 13] and “until further notice, Butterfield Banking Centres will operate reduced hours and their corporate offices will be by appointment only.” “Butterfield’s Banking Centres will now be open 9:00a.m. – 2:00p.m., Monday to Friday. To protect members of the public... Read more of this article
EY & IIF Conduct Bank Risk Management Survey
“More than nine in ten [91%] surveyed bank chief risk officers [CROs] view climate change as the top emerging risk over the next five years,” according to the EY and Institute of International Finance [IIF] bank risk management survey. A spokesperson said, “Banks regard climate change as their top long-term risk, according to the EY... Read more of this article
HSBC Embraces ‘Climate Ambition’ For Bermuda
HSBC Bermuda is integrating HSBC’s Climate Ambition into their business considerations and operations and are prioritising “financing and investment in support of the transition to a net zero global economy.” A spokesperson said, “In October 2020, HSBC Group announced its ambitious plan to prioritise financing and investment in... Read more of this article
Butterfield Bank Reports Q2 2021 Results
The Bank of N.T. Butterfield & Son Limited has announced its financial results for the second quarter of 2021. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited announced financial results for the second quarter ended June 30, 2021. “Net income for the second quarter of 2021 was $39.6 million, or $0.79 per diluted... Read more of this article
Sale Of Bermuda Commercial Bank Completed
Somers Limited has “completed the sale” of Bermuda Commercial Bank [BCB] to Provident Holdings Ltd for a “total consideration of $72.8 million,” the company has confirmed. A spokesperson said, “Somers Limited, a BSX listed financial services investment holding company, announces that further to the Company’s announcement... Read more of this article
Bermuda Commercial Bank Donates To Charities
Bermuda Commercial Bank donated $5,000 each to three charities, with The Eliza Dolittle Society, Woman’s Resource Centre and Centre Against Abuse all receiving funds. “BCB’s Chief Executive Officer, Hubert Esperon distributed the donations, noting that this was the second such donation to these three specific charities since the pandemic began,... Read more of this article
HSBC Church Street To Reopen On May 24th
HSBC Bermuda announced today that, effective Monday, May 24th, the HSBC Church Street branch will be open to the public every weekday from 9am through 4pm. “We are very pleased to welcome back our customers and the public to the Church Street branch. We particularly wish to thank our customers for their understanding during the period of closure and... Read more of this article
Clarien, HSBC & Butterfield Bank Issue Updates
As Bermuda enters Phase 2 of the re-opening plan, the island’s major banks – Clarien Bank, HSBC Bermuda and Bank of Butterfield – have all issued advisories to provide an update on their operations. Clarien Bank Statement A spokesperson said, “As Bermuda enters Phase 2 of Covid-19 regulations, please be advised of the following... Read more of this article
Clarien Bank Continues Essential Services
Clarien Bank clients are advised that essential banking services will continue to be provided in accordance with Government regulations. A spokesperson said, “As we work collectively to minimise virus spread and adhere to the Government-issued “Stay at Home” order, Clarien Bank clients are advised that essential banking services will continue... Read more of this article
Clarien Bank Advisory For ‘Stay At Home’ Time
Clarien Bank has “advised that essential banking services will be provided in accordance with Government regulations” A spokesperson said, “As we work collectively to minimise virus spread and adhere to the Government-issued “Stay at Home” Advisory, Clarien Bank clients are advised that essential banking services will be provided... Read more of this article
