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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...

A billionaire Georgian is hoping to win the third of a trio of court cases he brought against units of Credit Suisse bank, after victory in a Bermuda court and defeat in New Zealand. Bidzina Ivanishvili is suing CS Trust (Singapore) Ltd for at least ...

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...

Butterfield is offering a free class in money management and financial literacy to college and university students between the age of 18 and 30. The hour-long Butterfield 101 Money Management Programme will be held virtually at 6pm on Thursday, Augus...

The Bank of N.T. Butterfield & Son Limited has reported net income of $49.1 million for the second quarter of the year. That is a 10.6 per cent increase compared with net income of $44.4 million in the first quarter of 2022, and a 24 per cent rise co...

Butterfield has announced the return of Saturday banking and opened a new 24-hour ATM vestibule on Front Street in Hamilton. Starting today, the Reid Street banking centre in Hamilton will be open to clients from 10am until 3pm each Saturday. Butterf...

The Government will have the ability to dictate to banks what fees they can impose on customers under legislation passed in the House of Assembly on Friday. The Banks and Deposit Companies Amendment Act 2022 will also enable the Minister of Finance –...

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...

Debt refinancing is on the menu as the Government announced the pricing terms of its purchase offers for the outstanding 4.138 per cent Senior Notes due in 2023 (outstanding principal amount of $353,905,000) and 4.854 per cent Senior Notes due in 202...

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 ...

Bankers last night reacted to the direct hit they took from government on Friday when David Burt, the Premier and Minister of Finance raised alarm on the floor of the House of Assembly at the escalating rise in bank fees and charges. The Premier laid...

Fraudulent withdrawals hitting local credit and debit cards from British stores including a luxury chain have been months in the running, several residents have said. Harvey Nichols, a high-end chain with its main store based in Knightsbridge, London...