Butterfield Bank is hopeful that a substantial portion of the $200 million of preferred stock it is issung with Government guarantees will be subscribed by private buyers.
In an historic agreement ann...
BF&M Ltd. chief executive officer John Wight says training to be a chartered accountant is well worth the effort — despite the widespread job losses seen in the financial sector in recent months.
Mr. ...
Businessman and former Premier Sir John Swan approves of the capital-raising deal between Butterfield Bank and Government - so much so that he intends to invest in it.
Sir John yesterday said the $200...
The Government backing that will allow Butterfield Bank to raise $200 million in extra capital does not amount to a bailout — after all, the bank made a profit last year.
That is the view of Butterfie...
Capital G Bank revealed yesterday that it had received $20 million of new capital from its parent company to ensure the bank can withstand further economic turmoil.
The move came after extensive stres...
Bermuda's top financial regulator Matthew Elderfield yesterday said he did not believe deposit insurance was necessary in Bermuda at this time — but he has been involved in talks with Government to di...
Shadow Finance Minister Bob Richards gave his full support to Government's financial backing of Butterfield Bank saying the move was necessary to bolster public confidence in the banking sector.
The U...
Almost three-quarters of the Bank of Bermuda's employees are women — and chief executive officer Philip Butterfield wants to see more female representation in the upper echelons of management.
The ban...
Butterfield Bank is to receive a $200 million commitment of extra capital from the Government to ensure that it will be well positioned to withstand a severe economic downturn.
The bank, which also an...
Bank of Bermuda's net profits rocketed by more than 20 percent last year, the HSBC-owned institution has announced.
The bank's consolidated net profit for 2008 soared to $348 million, up 21 percent co...
