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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 $...

Butterfield Bank laid off 25 employees yesterday, as the company restructured to cut costs in the slow economy. The job losses were spread out across departments and levels of seniority, bosses revealed in an exclusive interview with The Royal Gazett...

Butterfield Bank laid off 25 employees today. The job losses were spread out across departments and levels of seniority, bosses revealed in an exclusive interview with The Royal Gazette. The highest-ranking employee to go was a vice-president. “This ...

Butterfield Bank (Bahamas) Ltd, a wholly-owned subsidiary of Bermuda-based Butterfield Bank, has announced the appointment of Robert Lotmore as chairman, with effect from June 1. Julien Martel, who is head of Butterfield’s trust and fiduciary service...

Butterfield Bank shares surged 4.9 percent on the Bermuda Stock Exchange after a week of above average trading activity following the bank’s release of annual results. In the six trading days since Butterfield announced a loss of $207.6 million for 2...

Butterfield Bank made a loss of $207.6 million in 2010, due mainly to selling off troubled assets at a loss early in the year. After another painful year following 2009's $213.4 million loss the bank believes it is in a position to return to profitab...

Butterfield Bank made a loss of $207.6 million for 2010, the bank announced this afternoon, compared to a loss of $213.4 million in 2009. In a statement, the bank said its loss was driven primarily by non-recurring losses associated with selling off ...

Butterfield Bank yesterday announced that it has appointed Michael Neff as executive vice-president, head of group asset management. Mr Neff has nearly 25 years’ experience in financial services, having held senior roles in wealth management client s...

Bermuda-based fund administrator Butterfield Fulcrum Group has been acquired by two of its former managers, Glenn Henderson and Tim Calveley, partnered by private-equity firm BV Investment Partners. BFG, which was part owned by Butterfield Bank and p...