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Butterfield Bank has extended a $150 million credit facility to the Cayman Islands Government

Butterfield Bank has reported net income of $214 million in 2022 as rising interest rates boosted profits

A New York bank approved to provide US banking services to Bermuda fintech companies has been downgraded

For the tenth year in a row, Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication. The Banker, owned by the Financial Times, has been the world’s leading monthly journal of reco...

For the third time in six months, Clarien will be adjusting its Bermuda dollar base lending rate reflecting changes to the federal funds rate. Effective December 1, the bank’s base lending rate will increase by 50 basis points (0.50 per cent), and th...

Butterfield Bank will shut down the bank accounts of the Bermuda Financial Network on Thursday, in effect putting the 26-year-old company out of business. It will mean the end of Easy Pay, Bermuda’s first online money transfer service (2000/2001) whi...

The Bank of N.T. Butterfield & Son Limited is buying trust business from one of Switzerland’s largest banks. An announcement datelined out of Zurich, Hamilton and Vaduz, said Credit Suisse has signed two agreements to sell different parts of the ...

Clarien will adjust its Bermuda dollar base lending rate by 50 basis points (0.50 per cent) on September 1, following the US Federal Reserve rate increase on July 27, the bank has announced. It will mean that Clarien’s BMD$ base lending rates for per...

HSBC Bermuda will be raising its base lending rate on residential mortgages and consumer loans for the first time since 2019. Effective October 4, it will raise its base rate for Bermuda dollar residential mortgages and consumer loans by 0.50 per ce...

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon. The bank absorbed a third of the 75-basis-point increase in the target range of the US federal funds rat...