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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’...

Butterfield Bank is aiming to cut operating costs as it moves some middle-office functions and back-office departments to its service centre in Canada. It is expected that this will allow the bank to reduce its expenses in Bermuda and Cayman. There h...

Butterfield Bank made a profit of $35.9 million in the first quarter of the year. The figure was an increase of $9.1 million on the same quarter last year and equivalent to 65 cents per share, up 84 cents on the last quarter of 2016 and 17 cents over...

A floating rubbish bin will help keep the marina at Hamilton Princess and Beach Club free of litter, thanks to Butterfield Bank. The Bermuda-based bank and trust company has joined the Seabin Global Pilot Programmes and will install a pre-series V5 ...

Butterfield Bank will increase its lending rates by a quarter of a percentage point after the US central bank raised its key benchmark interest rate today. HSBC Bermuda said it had made no decision yet on how it will respond. The Fed’s quarter-point...

Butterfield Bank is introducing a new Post-Graduate Scholarship for students studying in academic fields associated with the protection and improvement of island environments. Butterfield has operations in seven international locations, most of which...

Butterfield Bank and Mastercard have enhanced the benefits they offer to small and medium-sized businesses. In a statement, the bank and the technology company said they had extended their commitment “to deliver increased value and resources to Bermu...

The Carlyle Group has exited its position with Butterfield Bank after seven years as its largest shareholder. Following the closing of Butterfield’s registered secondary offering by a number of shareholders, Carlyle no longer own any common shares in...