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Butterfield Bank repurchased 45,000 common shares on the Bermuda Stock Exchange in February, the bank said. In a filing with the BSX, the bank said the shares were bought for an average price of $36.63, valuing the purchases at about $1.65 million....

Butterfield Bank has reported net income of $214 million in 2022 as rising interest rates boosted profits

For the tenth year in a row, Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication. The Banker, owned by the Financial Times, has been the world’s leading monthly journal of reco...

The Bank of N.T. Butterfield & Son Limited is buying trust business from one of Switzerland’s largest banks. An announcement datelined out of Zurich, Hamilton and Vaduz, said Credit Suisse has signed two agreements to sell different parts of the ...

Clarien will adjust its Bermuda dollar base lending rate by 50 basis points (0.50 per cent) on September 1, following the US Federal Reserve rate increase on July 27, the bank has announced. It will mean that Clarien’s BMD$ base lending rates for per...

HSBC Bermuda will be raising its base lending rate on residential mortgages and consumer loans for the first time since 2019. Effective October 4, it will raise its base rate for Bermuda dollar residential mortgages and consumer loans by 0.50 per ce...

The Bank of N.T. Butterfield & Son Limited increased interest rates on loans by half a percentage point (0.5 per cent), absorbing a third of the rise of the 75-basis point increase in the target range of the US Federal Funds Rate. The bank said the c...

The Bank of N.T. Butterfield & Son Limited has issued a warning to shareholders with regard to the offer by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, or approximately 0.1 per cent of shares outstanding, at...

David Burt, the Premier and Minister of Finance, has congratulated Jewel Bank, Bermuda’s first new bank in 21 years, after the issuance of its new full banking licence and Class F digital asset business licence from the Bermuda Monetary Authority on ...

Only one Bermuda bank has taken action since the largest interest rate hike by the Federal Reserve in more than two decades. The midweek hike of 50-basis points in the US Federal Funds Rate led to near immediate action from Butterfield Bank, raising ...