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Butterfield Bank gained some massive new shareholders — including some of the biggest names on Wall Street — as a result of its initial public offering on the New York Stock Exchange in September. Regulatory filings show an impressive breadth of inst...

Borrowers are set to pay more interest on their mortgages and loans after the central bank of the US declared an interest-rate rise of a quarter of a percentage point. The increase in the US Federal Reserve’s federal funds rate, which was widely anti...

Butterfield Bank has won a bank of the year award for the fourth year in a row. The bank was given the accolade by international banking publication The Banker. Michael Collins, Butterfield’s chief executive officer, said: “Having earned that distinc...

Butterfield Bank is to redeem all of its 8 per cent Government Guarantees Preference Shares. The shares were issued in June 2009, giving the bank a $200 million injection as it recapitalised following the impact of the global financial crisis the pre...

Butterfield Bank will raise residential mortgage rates if the US Federal Reserve hikes rates next month by 25 basis points, as happened a year ago. The revelation came from one of the bank’s senior executives in Butterfield’s third-quarter earnings c...

Butterfield Bank has reported net income of $24 million in the third-quarter, down $4.8 million year-on-year. However, its core earnings improved to $33.4 million, up $4.1 million. The bank has announced an interim dividend of 10 cents per common sha...

John Richmond has been appointed managing director of Butterfield Trust (Bermuda) Limited. He has overall responsibility for the management of Butterfield’s Trust business in Bermuda, reporting to Bob Moore, Butterfield’s group head of trust. Mr Ri...

The Bank of Butterfield has closed its initial public offering of shares on the New York Stock Exchange. The bank put more than 12.2 million of its ordinary shares up for sale in New York, at a price of $23.50 per share. Around 5.9 million of the sha...

Butterfield Bank is eyeing acquisition opportunities in the trust industry after a successful debut for its shares on the New York Stock Exchange. Michael Collins, Butterfield’s chief executive officer, said the money the bank raises from the initial...

Bermuda made its mark on the New York Stock Exchange yesterday as Butterfield Bank sold its first US shares, a troupe of Gombeys took to the trading floor and Michael Dunkley rang the opening bell. It was all to mark Butterfield’s initial public offe...

Butterfield Bank’s initial public offering of shares on the New York Stock Exchange is scheduled to take place this morning. Last night the bank announced that the 10.6 million shares to go on sale will have an asking price of $23.50 per share — repr...

Butterfield Bank got off to a flying start with its initial public offering of shares in New York this morning. After Michael Dunkley, the Premier, and Michael Collins, Butterfield’s chief executive officer, rang the opening bell at the New York Sto...