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The former prime minister of the Caucasus country of Georgia may be called to give evidence as early as this morning in a case being heard in Bermuda’s Commercial Courts. The case, before Chief Justice Narinder Hargun, is being conducted virtually vi...

Butterfield has promoted Shawnette Griffin to the new role of senior vice-president, head of retail banking and operations, Bermuda. The bank said Ms Griffin has worked with Butterfield for more than 30 years. She started her career as a trust admini...

The Bank of N.T. Butterfield & Son Limited has declared third-quarter net income of $39.8 million, compared with net income of $39.6 million for the previous quarter and $30.5 million for the third quarter of 2020. Core net income for the third quar...

HSBC Holdings plc has bounced back with after-tax profit of $4.2 billion — an increase of $2.2 billion — for the third quarter compared with the same period in 2020. The bank also announced a massive share buyback of up to $2 billion after the profit...

HSBC Asset Management (HSBC AM) has launched its first healthcare fund focused on sustainability and impact. HSBC GIF Global Equity Sustainable Healthcare Fund is aligned with the United Nations Sustainable Development Goal 3, Good Health and Wellbei...

Bermuda’s first digital bank may already be on the cards, with the Government welcoming the first formal bid. The application submitted to the Bermuda Monetary Authority proposes a bank serving digital-asset businesses and institutions globally from ...

The fresh outbreak of Covid cases has moved Butterfield Bank to reduce banking hours as of Monday. Until further notice, Butterfield banking centres will be open from 9am to 2pm on weekdays and their corporate offices will be by appointment only. A s...

Bermuda’s first bank will pay $5.6 million in forfeiture and restitution payments to the United States government in a tax evasion case that dates back 20 years. The US Attorney for the Southern District of New York, the Justice Department and the In...

Butterfield bank remained upbeat when discussing with investors the proposed global corporate tax plan and how it could affect bank operations. Chairman and chief executive officer Michael Collins also provided an update Tuesday on the bank’s cost cu...

The Bank of N.T. Butterfield & Son Limited has declared second quarter net income of $39.6 million ($0.79 per diluted common share), compared to net income of $41.6 million for the previous quarter and $34.3 million for the second quarter of 2020. Th...