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The Bank of N.T. Butterfield & Son Limited increased interest rates on loans by half a percentage point (0.5 per cent), absorbing a third of the rise of the 75-basis point increase in the target range of the US Federal Funds Rate. The bank said the c...

The Bank of N.T. Butterfield & Son Limited has issued a warning to shareholders with regard to the offer by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, or approximately 0.1 per cent of shares outstanding, at...

Legislation passed by MPs in the House of Assembly on Friday is expected to protect financial services customers. The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include among its main objectives an ...

Bankers last night reacted to the direct hit they took from government on Friday when David Burt, the Premier and Minister of Finance raised alarm on the floor of the House of Assembly at the escalating rise in bank fees and charges. The Premier laid...

The government has threatened Bermuda’s banks to rein in escalating bank fees and globally-abnormal bank charges, or face government-imposed limits. And a near 10 year old Progressive Labour Party promise to crack down on banks is a step closer to re...

Representatives for new digital bank Jewel continue to pave the way for new office space on Victoria Street to meet an ambitious start date in September. But they have confirmed to The Royal Gazette that their first Bermuda office will not be Victori...

Butterfield is now accepting applications to its graduate talent programme through its website. The programme is distinct from previous iterations in that it is open not only to university graduates but also to bright, talented and ambitious candidat...

Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve

David Burt, the Premier and Minister of Finance, has congratulated Jewel Bank, Bermuda’s first new bank in 21 years, after the issuance of its new full banking licence and Class F digital asset business licence from the Bermuda Monetary Authority on ...

Bermuda’s existing banking fraternity appear set to welcome the island’s fifth bank into the Bermuda Bankers Association, the trade organisation for the industry. A spokesman for the BBA confirmed that its members – Bermuda’s existing banks - have t...