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The upgrade to Butterfield Bank systems has been completed, with technical teams left to iron out unexpected glitches

Butterfield’s base interest rates will remain unchanged

WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation yesterday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking...

Beware of phishing scams says bank industry

Bermuda-licensed digital asset companies that were customers of a New York bank shut down by regulators can do business with a ‘bridge bank’, Government said

Butterfield Bank clawed back early losses in its share price Monday as banking stocks continued to struggle

Butterfield Group moved to clarify that it has no direct banking relationships with the cryptocurrency sector that is one of the causes of bank failures in the US

State regulators closed Signature Bank, the third-largest failure in US banking history

WILMINGTON (AP) — Treasury Secretary Janet Yellen said that the US government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. The Federal Deposit Insurance Corporation insures deposits up...

NEW YORK (AP) — The financial institution best known for its relationships with high-flying world technology start-ups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure...