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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...

Butterfield Bank posted net income of $49.7 million for the second quarter — up from $44.2 million in the first quarter and $36.1 million in the same period in 2017. One of the main drivers of the increase was $7.5 million increase in net interest in...

Butterfield Bank has made $75 million of subordinated notes available to investors. The 5.25 per cent fixed to floating rate subordinated notes have a maturity date of June 1, 2028. The proceeds from the offering will be used to repay a portion of t...

Butterfield Bank has teamed up with five other retail banks in the Cayman Islands to create an automated clearing house to ease electronic funds transactions and enable same-day transfers. A similar system is already in operation in Bermuda, but Butt...

Butterfield Bank’s first-quarter net income rose nearly 10 per cent year over year, as the bank earned more in net interest income and spent less on salaries. Net income for the first three months of the year was $44.2 million, up from $40.3 million ...

Butterfield Bank has completed the acquisition of the Deutsche Bank Global Trust Solutions. In a statement the bank said that former GTS employees and accounts had successfully transitioned to Butterfield and all trust and fiduciary services for for...

Butterfield Bank is raising interest rates for both borrowers and savers. The move comes after the US Federal Reserve raised its influential Fed Funds rate by a quarter of a percentage point this week. Butterfield said today its base rate for Bermuda...

Butterfield Bank has agreed to buy Deutsche Bank’s banking businesses in the Cayman Islands, Jersey and Guernsey — a deal that could increase its deposit base by about one fifth. The news came as the Bermudian-based bank declared net income of $40.3 ...