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Butterfield Bank’s shares have dipped below a dollar for the first time, but analysts we spoke to said the company remained solid. The share price closing at a new low of 99 cents last Tuesday was more “psychologically alarming” than anything, Nathan...

A long-time Butterfield Bank customer says she had $4,000 stolen from her account after falling victim to cyber crime. Though she eventually managed to get the money returned, Ms Phillips, who has asked that we do not use her first name, said $4,000 ...

Butterfield Bank bounced back to make a $40.5 million profit in 2011, after posting losses in excess of $200 million for each of the previous two years. Chief executive officer Brad Kopp told The Royal Gazette last night that the four successive quar...

A shareholder has gone public with concerns about the role of the Canadian Imperial Bank of Commerce at Butterfield Bank and whether CIBC and another large shareholder, the Carlyle Group, are having too much say and “directing” management. Together C...

A new facilities management firm launched by an Ascendant Group company and a subsidiary of Canada’s Black & McDonald has already won the business of Bermuda’s two biggest banks. The Royal Gazette has learned HSBC Bermuda closed down its entire facil...

Butterfield Bank has announced that former HSBC senior executive Brendan McDonagh will be put up for election to the board of directors as executive chairman at the shareholders’ annual general meeting (AGM) on May 1. Mr McDonagh, who was previously ...

In spite of the challenging global economy, Bermuda’s banks have certainly come to the aid of the community. Between them, this year the Island’s retail banks have given more than $2 million to charities and staff have donated hundreds of hours to vo...

Butterfield Bank has been affirmed a long-term credit rating of A- and a short-term customer deposit rating of A-2 by ratings agency Standard & Poor’s (S&P). S&P also increased the rating of the bank’s preferred shares to BBB. Brad Kopp, Butterfield’...