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The roles of 12 Bermudian employees at Butterfield Bank in Bermuda are to be made redundant as the result of cost-cutting restructuring measures. The bank is making a further ten roles redundant in the Cayman Island, with those and the Bermuda jobs b...

Sadia Wilson has received the Sir Harry D Butterfield Undergraduate Scholarship from Butterfield Bank. Ms Wilson, 19, of Devonshire, is enrolled at the University of Bristol in England, where she is pursuing a Bachelor of Science in cellular molecula...

Butterfield Bank has adopted a new standard for protecting customers who use their credit and debit cards for online purchases. The fraud prevention standard was developed by Europay, Mastercard and Visa as a new way to validate card transactions to ...

A Bermudian bank yesterday said it would help to sponsor the island’s first gay pride march. Butterfield Bank invited its staff to bring family and friends along to the August 31 event, which will feature a group from the bank in the parade. Michael ...

Butterfield Bank’s second-quarter net income declined by more than $11 million year over year due to a number of restructuring initiatives. Net income for the quarter was $38.6 million, compared to $49.7 million in the second quarter of 2018, and $52...

Butterfield Bank has been assigned senior unsecured debt and deposit ratings of A+, a subordinated debt rating of A by Kroll Bond Rating Agency. Butterfield also received a short-term debt and deposit rating of K1. The outlook for all long-term rati...

Butterfield Bank has announced completion of the acquisition of ABN AMRO (Channel Islands) Ltd, the Channel Islands-based banking subsidiary of ABN AMRO Bank NV, following receipt of all regulatory approvals. Effective today, ABN AMRO CI has been ren...

Craig Bridgewater is to join Butterfield Bank as group head of finance. He will join the bank on October 7 this year and report to Michael Schrum, group chief financial officer, the bank said yesterday. Mr Bridgewater was most recently a managing dir...

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...