Log In

Butterfield Bank today announced the departure, effective immediately, of Daniel Frumkin, bank group chief operating officer. “Dan is stepping down to pursue other opportunities,” said Michael Collins, Butterfield’s chairman and chief executive offi...

Butterfield Bank will achieve greater balance of its business and balance sheet across three jurisdictions by acquiring a banking business in the Channel Islands. It has reached an agreement to acquire ABN AMRO (Channel Islands) Limited in a £161 mil...

Workers need union protection, a labour leader said yesterday. Chris Furbert, head of the Bermuda Industrial Union, said the Butterfield Bank decision to shed staff and close the Rosebank branch underlined the case for trade union representation. Mr ...

It may be hard to imagine better days are coming, particularly when everything around us represents chaos: the closure of the Rosebank branch of Butterfield Bank, school populations declining, some very old established businesses folding and the scar...

David Burt said yesterday that the Bermuda Government would intensify efforts to open up the banking sector to competition after 11 people were made redundant at Butterfield Bank. The Premier’s comments came after Butterfield announced yesterday morn...

Eleven people have lost their jobs, and 30 more have accepted early retirement packages, in sweeping changes at Butterfield Bank. The 11 positions were made redundant over two departments, the bank said in a statement released yesterday morning by th...

A stream of customers arrived at Rosebank banking centre on Bermudiana Road yesterday morning, nearly all of them unaware that Butterfield Bank had announced its closure earlier in the day. Maria Medeiros, of Paget, tried the main door, stepped into ...

Dear Sir, It is appalling that online customers of Butterfield Bank should be put to such inconvenience and loss financially as experienced this week. The fiasco, which demonstrated an utter lack of forethought on the bank’s part, could have been a...

Butterfield Bank has introduced a new online platform that is causing some customers headaches. The new version of Butterfield Online was launched last Saturday evening and is accessed through a new web address, www.butterfieldonline.com. Customers a...

Butterfield Bank’s Bermuda workforce shrank by 18 in 2018, ending the year at 572. As a group, Butterfield had 1,373 employees at the end of the year, including 99 temporary staff. That figure is measured on a full-time equivalency basis, and compare...

Butterfield Bank will be “intensely focused” on reducing expenses in the higher-cost jurisdictions where it has operations, during the next six months. Automation, and moving aspects of its business to Canada and Mauritius, are among cost-reduction m...

Butterfield Bank finished 2018 strongly with a reported profit of $50.9 million, or 92 cents per share, for the fourth quarter. That beat analysts estimates of 89 cents, and was up from 76 cents per share a year ago. For the year, the bank achieved n...