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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...

Shares of Butterfield Bank jumped $4.50, or 12.9 per cent, to $39.50 after 1,198 traded on The Royal Gazette/BSX Index. In New York, the bank’s shares were up $5.08, or 14.1 per cent, at $41.10. Meanwhile, on the local exchange, Ascendant Group Limit...

A fake bank e-mail cost a resident thousands of dollars, police have revealed. A police spokesman said the e-mail, which was claimed to be from Butterfield Bank, led to the recipient’s account details being compromised and the loss of “several thousa...

Butterfield Bank spent more than $8.25 million buying back its own shares during December. The bank revealed the buybacks in a filing with the Bermuda Stock Exchange. Butterfield said it repurchased 254,212 shares for treasury at an average price of ...

Butterfield Bank’s board of directors has authorised the repurchase of up to 2.5 million of its shares over the next 15 months. Michael Collins, the bank’s chairman and chief executive officer, said: “Deploying capital to repurchase shares provides t...

Butterfield Trust has been named Trust Company of the Year, in the large firm category, at the STEP Private Client Awards in London. STEP is the Society of Trust and Estate Practitioners, and it is the worldwide professional association for those adv...

More than $600 million was wiped off the value of Butterfield Bank as its share price tumbled on The New York Stock Exchange. Investors were rattled by a sharp decline in deposits at the bank, and lower expectations of revenue from the banking custod...

Butterfield Bank made a profit of $50.4 million in the third quarter, but missed analysts’ expectations. The profit equated to 90 cents per diluted share, five cents lower than the predicted estimate of a consensus of market analysts. It was $10.3 mi...

A trio of talented and hard-working Bermudian students have been selected for academic scholarships each worth $25,000 annually. Chanah Bremar, Ryan Dowling and Selena Dasilva were named as the recipients of the awards provided by Butterfield Bank. ...

Contactless debit cards are being rolled out by Butterfield Bank. The bank has announced a mass reissue of its debit Mastercard cards, which previously featured chip-and-pin technology. The cards have been enhanced further with contactless RFID (radi...

Thirteen jobs are to go at Butterfield Bank in Bermuda. A spokesman for the bank said staff had been told the news yesterday. “Butterfield today announced a restructuring at the executive committee level and involving several departments that will re...