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Profits at HSBC Bank Bermuda shrank by $132 million during 2012, hit largely by a deterioration in the value of loans in North America. The bank‘s net income for the past year was $20 million. However, its revenue remained relatively stable at $397 m...

Butterfield Bank has cut eight jobs in its Corporate Banking and Investment Services departments. The employees were informed yesterday that they were being let go. “Butterfield confirms that eight employees in Bermuda were advised that their positio...

Around 30 HWP employees face the loss of their jobs next month as a result of the company's plan to sell the assets of its auto division to new company Auto Solutions. But HWP staff in the Auto division are being assisted with applying for jobs with ...

Ascendant Group has appointed Michael L Schrum to the Board of Directors. Chairman Reginald S Minors, chairman, said, “Mr Schrum brings fresh perspective and vast experience to the Board. We are delighted that he is joining us and confident that his ...

Bermuda National yesterday posted a first-quarter profit of some $3 million on “strong operating performance” of its major subsidiary Bermuda Commercial Bank. BNL, a financial services investment holding company, also announced that it was “currently...

Bermuda National today posted a first-quarter profit of some $3 million on “strong operating performance” of its major subsidiary Bermuda Commercial Bank. BNL, a financial services investment holding company, also announced that it was “currently in ...

Profits fell but core earnings rose for Butterfield Bank in 2012, and that has allowed it to declare a four cent special dividend — the first payment on common shares since dividends were suspended four years ago. The bank’s profit was $25.6 million...