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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...

Representatives for new digital bank Jewel continue to pave the way for new office space on Victoria Street to meet an ambitious start date in September. But they have confirmed to The Royal Gazette that their first Bermuda office will not be Victori...

There is a new bank in town for the first time in more than two decades! Jewel Bank has received its full bank and digital asset business licences from the Bermuda Monetary Authority, opening the door for it to service the digital-asset industry and ...

David Burt, the Premier and Minister of Finance, has congratulated Jewel Bank, Bermuda’s first new bank in 21 years, after the issuance of its new full banking licence and Class F digital asset business licence from the Bermuda Monetary Authority on ...

Bermuda’s existing banking fraternity appear set to welcome the island’s fifth bank into the Bermuda Bankers Association, the trade organisation for the industry. A spokesman for the BBA confirmed that its members – Bermuda’s existing banks - have t...

Bermuda’s long-proposed digital bank has become a reality with a full banking licence that will allow it to provide core banking services, together with a licence under the Digital Asset Business Act. Jewel Bank will begin operations from Victori...

A Bermuda banknote believed to be the first bill in the world to feature a portrait of the Queen is expected to fetch £500 when it goes up for auction today. The five-shilling note was printed in October 1952, eight months after the Queen ascended t...