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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...

Somers Limited has completed the $72.8 million sale of Bermuda Commercial Bank to a new company led by Bermuda resident Chris Maybury. Somers said all conditions relating to the sale, first announced last November, of Bermuda Commercial Bank Limited...

HSBC Bermuda is to reintroduce enhanced social-distancing protocols from Monday because of the recent spike in new Covid-19 cases. The measures will apply in the bank’s Harbourview, St George’s and Somerset branches. The changes “will include measure...

HSBC Bermuda has temporarily closed its Church Street branch until further notice. In a statement, it said: “Due to the recent rise in the number of individuals testing positive for Covid-19 on the island and the consequent school closures and Govern...

Teaching youngsters about good saving habits is part of the aim of new savings accounts for children aged 7 and up, that have been launched by HSBC Bermuda Bank Limited. To celebrate the Easter holiday season, every child who opens either the MySavin...

Butterfield Bank has added to the prizes offered in its Mastercard ‘Perks’ Campaign, including a four-night stay at the new St Regis Bermuda Resort, in St George’s. The bank said the promotional campaign supports local merchants and the economy by en...