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Butterfield Bank’s profit for the first three months of the year was $26.8 million, down $1.2 million year-on-year. However, the bank’s core earnings — which strips out one-off items — were $36 million, an improvement of $7 million compared with the ...

The Bank of Butterfield has been named best bank in Bermuda by US-based magazine Global Finance for the second year in a row. Michael Collins, the CEO of Butterfield, said: “It is an honour to once again have been included in Global Finance’s listing...

Butterfield Bank has set aside $4.8 million to pay potential fines as a result of a US investigation into tax evasion. And the bank’s financial report for last year said that any fines levied on the bank could be even higher. The report said: “Manage...

Bermuda’s banks are upgrading their debit and credit cards in line with changing security standards elsewhere in the world. So-called “chip-and-pin” cards are on the way for customers of HSBC Bermuda, while those who bank with either Bank of Butterfi...

Butterfield Bank has gone through a testing recovery period — but now it is ready to focus on growing again. That was the message from Michael Collins, the bank’s chief executive officer, who said the structural upheavals and cost-cutting necessary t...

The Bank of Butterfield has announced profits of $77.7 million for 2015, down by $30.5 million compared to the previous year. The profit represents earnings per share of 12 cents, down from the 16 cents recorded in 2014. Michael Collins, Butterfield’...

One year after a stranger showed him a random act of kindness, Carlos Frias is still looking to show his appreciation. Mr Frias, a restaurant manager at the Mid Ocean Club, was in Hamilton last February when he attempted to withdraw $500 from an ATM ...

The Bank of Butterfield is to close its London private bank. The bank said that the British-based Butterfield Private Bank’s “scale and scope were not consistent with Butterfield Group’s growth strategy”. A spokesman for the firm said that it would m...

A furious customer yesterday blasted Butterfield Bank for introducing new charges “by stealth”. The bank, from the start of this year, introduced a new “statement imaging fee” of $2 a month for online personal customers and a fee for “account monitor...

Dear Sir, I write to express my disgust with the lack of customer focus of Bermuda’s banks, and in particular at this moment with the sheer disrespect that Butterfield Bank is showing its customers. As of January 4, Butterfield has implemented variou...

Butterfield Bank and its international subsidiaries have picked up two awards from Citywealth, the Britain-based publishers of wealth-management industry news and directories. Butterfield was named as the Caribbean’s trust company of the year, and al...

Butterfield Bank has made six management-level employees in Bermuda redundant in a restructuring move. Bank spokesman Mark Johnson told The Royal Gazette that a further 12 workers lost their jobs in the Cayman Islands and Guernsey, although Butterfi...