Log In

Butterfield Bank will have a presence in two new jurisdictions next year when it completes its planned acquisition of Deutsche Bank’s Global Trust Solutions business. Of particular note is the expansion opportunity into Singapore. Asia is viewed as a...

Butterfield Bank has entered into an agreement to acquire Deutsche Bank’s Global Trust Solutions business, excluding its US operations, it announced this morning. Terms of the agreement have not been disclosed. Upon completion of the transaction, wh...

Butterfield Bank has reported a profit of $41.1 million for the third quarter, up $5 million on the previous three months. The results were released this morning, along with news that the bank is to acquire Global Trust Solutions from Deutsche Bank. ...

Butterfield Bank has named Daniel Frumkin to the new role of chief operating officer as part of a management shake-up. In his new role Mr Frumkin, who was previously the group’s chief risk officer, will be responsible for the Butterfield’s “client-fa...

A former top executive of the US Central Intelligence Agency has joined the board of Butterfield Bank. Meroe Park has been appointed as a non-executive director. She was most recently the executive director of the CIA, serving as the agency’s chief o...

Butterfield Bank’s ATM and card processing point-of-sale services are up and running again after technical issues caused problems for customers earlier today. Customers this morning found that their bank cards were not working when paying for items ...

Butterfield Bank announced today its first group of graduate trainees — Recquel Furbert, Erik Simmons, and Lateefah Caines. The new Butterfield Graduate Trainee Programme offers Bermudian university/college graduates the opportunity to acquire the sk...

Butterfield Bank is confident it will return its operating expenses to its target level by the end of the year. And while it has twice raised its lending rates this year, in line with moves by the US Federal Reserve, it has no declared intention on w...

Bank of Butterfield made a profit of $36.1 million during the second quarter of the year. That is $0.2 million higher than the net income achieved for the first three months of the year. And in tandem with the release of its earnings results, the ban...

Home-grown Bank of Butterfield has outstripped global giant HSBC to become Bermuda’s biggest bank. Butterfield was listed as having assets of $11.1 billion last year, compared to $8.7 billion for HSBC Bermuda, overtaking its rival by a sizeable margi...

Butterfield Bank has jacked up lending rates by 0.25 of a percentage point after the US Federal Reserve yesterday raised its short-term rates by the same amount — the third American increase since December. The Butterfield base rate for residential m...

Butterfield Bank’s credit rating has been upgraded by Fitch Ratings. The New York-based rating agency said today that it had raised the bank’s “viability rating” to “bbb” from “bbb-” after its review of the bank. Fitch has also affirmed Butterfield’...