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BF&M has reported net earnings of $13.2 million for the first half of this year. That is a $1.8 million improvement on shareholders’ net income, year-on-year. It also represents an annualised return on shareholders’ equity of 9.9 per cent. However, t...

A total of $31 billion was held by 102 ultra-high-net-worth individuals living in Bermuda in 2014. That is one of the facts included in a new booklet that highlights Bermuda’s attractiveness to the trust industry and wealthy clients. The trust indus...

Butterfield Bank is planning to raise about $250 million through an offering of 10.6 million shares in connection with its proposed initial public offering on the New York Stock Exchange. In a registration document filed with the US Securities and Ex...

Butterfield Bank is planning to raise about $250 million by offering 10.6 million shares in connection with its proposed initial public offering on the New York Stock Exchange. In a registration document filing with the US Securities and Exchange Com...

Butterfield Bank shareholders have approved a proposed ten-for-one reverse share split. At a special meeting held today the proposal was approved with the requisite number of votes. Ordinary shareholders will receive one new ordinary share for every...

The Bermuda Government incurred a $65.9 million deficit in its budget for the first three months of the financial year. Financial figures released by the Cabinet Office show the Government is slightly astray of its projected full-year targets for rev...

Digicel Bermuda has boosted its range of smartphones by adding iPhones to its selection. The move “completes the set” for the company, which already sold Android devices, Blackberries and its own DL range of smartphones. Adding iPhones to its range h...

Butterfield Bank's filing for a proposed initial public offering in the US is the latest milestone on the bank's recovery from the global financial crisis.At a meeting later this month shareholders will hear details and vote on a reverse share split ...

As Bermuda weighs the pros and cons of advancing plans for a new airport terminal, one of the airlines that flies to and from the island is in no doubt that improved facilities make a difference for travellers. JetBlue, which serves the island from N...

Butterfield Bank has filed for a proposed initial public offering of up to $100 million to place its ordinary voting shares on the New York Stock Exchange. It is to ask shareholders to vote on the proposal, which calls for a ten-for-one reverse share...