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Butterfield Bank made a profit for the second consecutive quarter as it continues to bounce back from the turmoil of the past couple of years. The bank reported net income of $11.8 million for the second quarter compared to $200,000 during the same p...

Butterfield Bank yesterday said Richard Saunders, senior manager responsible for Butterfield Bank (Guernsey) Limited’s asset management business, has been promoted to head of European Asset Management. His appointment will extend his responsibilities...

Fitch Ratings has affirmed Butterfield Bank’s credit ratings and raised its individual rating to reflect its improved financial position. But the credit ratings agency remains concerned about the bank’s “weak profitability” in the short term. Fitch s...

Butterfield Bank is paying the Carlyle Group a $4 million annual fee for advice on managing its balance sheet. The payment, which was revealed in the bank’s Annual Report 2010, is a three-year agreement that the bank entered into last October. Accord...

Butterfield Bank returned to profit in the first quarter - and bosses are now confident they can keep earnings positive after three years blighted by huge losses. The bank reported reported net income for the first three months of the year of $8.4 mi...

Butterfield Bank today reported first-quarter net income of $8.4 million, compared to a net loss of $176.3 million in the same period in 2010, as it slashed operating costs by 18 percent. In a statement, the bank said operating expenses fell almost $...