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A Bermuda bank has challenged the Standard & Poor’s Rating Services decision to lower Bermuda’s Banking Industry Country Risk Assessment (BICRA) score Butterfield Bank last night expressed optimism in the Bermuda economy and said S&P erred in its for...

Butterfield Bank yesterday confirmed that it is absorbing a portion of a 0.6 percent charge applied by credit card companies for cross-border transactions. First notice of this was a message on credit card statements Butterfield customers received th...

The Foreign Account Tax Compliance Act (Fatca) comes into effect in Bermuda today, amid continuing confusion and concern for its long ranging impact. But one local financial institution said it is prepared to go further than Fatca requirements and ca...

Butterfield Bank reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year. Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first-quart...

Butterfield Bank today reported first-quarter net income of $23.2 million — up more than 74 percent from the same period last year. Increasing business volumes and further cost cutting helped the bank to achieve the improvement from last year’s first...

Butterfield Bank has partnered with Bermuda College to provide internships for seven college students who are studying or interested in business. From February through April 25, Shanteala Looby, Brittani Place, Kneiko Richardson, Julia Judd, Kentrell...

Butterfield Bank yesterday announced that full-year net income more than tripled to $78.2 million in 2013. Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million. In its earnings statement ...

Butterfield Bank today announced that full-year net income more than tripled to $78.2 million in 2013. Core earnings, which eliminate items “outside the course of normal business”, were up 39.5 percent to $76.6 million. In its earnings statement toda...

Butterfield Bank has been chosen as best private bank in Bermuda by a European magazine for the second year in a row. Butterfield won the award from Euromoney magazine after a vote by private banking professionals from around the world. Butterfield h...

A bank ban on US travellers’ cheques and money orders was yesterday blasted by the boss of an tourist booking service. And Fiona Campbell, owner of Bermuda Acommodations, said the move could damage the Island’s already struggling visitor industry. Ms...

Butterfield Bank has bought over a multibillion dollar trust and corporate services business in Guernsey — its first buy since the global financial crisis started to bite in 2007. The Bermuda bank has agreed terms with Legis Group Holdings and is exp...