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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...

Banks, insurance companies and other financial sector stocks have been big winners this year. Rebounding sharply after last year’s wipe out, the sprawling industry has advanced by 19.39 per cent year-to-date. The sector’s return has exceeded the broa...

The Bermuda Civil Aviation Authority will be permitted to keep its operating fund in interest-bearing bank accounts either in Bermuda or abroad senators have agreed. There were no objections to the passing of The Civil Aviation Authority Amendment Bi...

HSBC Bermuda has returned as the lead sponsor of this month’s Cup Match Classic. Neil Paynter, president of St George’s Cricket Club, which is hosting the event, said: “We have had a long and successful history with HSBC and Cup Match and are excited...

HSBC Bermuda is offering free online resources on the bank’s website to support families in teaching their children about financial literacy. The bank said the financial education tools are designed to equip young people with the money management ski...

Clarien Bank Limited and Lindo’s Group of Companies have announced completion of a successful banking migration to Clarien by Lindo’s. Simon Van de Weg, chief banking officer at Clarien, said: “We are very pleased to announce that Lindo’s Group of Co...

Spare a little sympathy — just a little — for Clarien Bank. When it announced that it was giving $100,000 to assist Black and members of other underrepresented groups to pay their school fees at private schools, its executives presumably expected to...

Butterfield, the bank and trust company headquartered in Bermuda, is to be the lead sponsor of the inaugural Atlantic World Art Fair. The online event taking place from June 1 to 21 will present nine exhibitors and feature the talents of more than 60...

An antiracism charity today called for more consideration and consultation on racial matters after controversy broke out over a bank’s bursary programme designed to help Black children attend private schools. A spokeswoman for Citizens Uprooting Raci...

A bank came under fire for the perpetuation of racist mechanisms yesterday after it offered several private school bursaries for Black pupils. Social Justice Bermuda said that it supported the principle of investment in education for Black Bermudian...

Banking centres operated by Butterfield Bank are to return to regular operating hours, effective on Monday. The bank said its branches on Reid Street in Hamilton, and in Somerset and St George will be open Monday to Friday from 9am until 4pm. Butterf...