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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...

For the third time in six months, Clarien will be adjusting its Bermuda dollar base lending rate reflecting changes to the federal funds rate. Effective December 1, the bank’s base lending rate will increase by 50 basis points (0.50 per cent), and th...

Butterfield Bank will shut down the bank accounts of the Bermuda Financial Network on Thursday, in effect putting the 26-year-old company out of business. It will mean the end of Easy Pay, Bermuda’s first online money transfer service (2000/2001) whi...

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...

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon. The bank absorbed a third of the 75-basis-point increase in the target range of the US federal funds rat...

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...

Legislation passed by MPs in the House of Assembly on Friday is expected to protect financial services customers. The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include among its main objectives an ...