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Butterfield raised interest rates on loans and mortgages by 0.25 per cent following a Fed rate hike

Overseas purchases soared by 31.6 per cent in October

Sue Couper, general manager of LOM Asset Management Limited advises to get serious about investing in the new year

After years of slowdowns, lockdowns and shutdowns affecting revenue, retailers are cautiously optimistic with an historic 224 cruise calls spread throughout 2023

Hamilton’s busy streets in the final week of Christmas shopping are not indicative of the true state of retail sales, with the latest official figures continuing the picture of a decisive softness in local retail spending since the summer of 2021. Sh...

The Federal Reserve continued its moves to slow the economy and hold back inflation after the latter’s earlier four-decade high. And it didn’t take long for Bermuda’s Bank of N.T. Butterfield to react. But the Fed slowed its hand, this time imposing ...

In response to yesterday’s 75 basis point increase in the target range of the US Federal Funds Rate, the Bank of N.T. Butterfield & Son Limited announced that it is adjusting its base interest rates on loans by a quarter of a percentage point (0.25 p...

Bermuda’s banking sector recorded net after-tax income of $86.3 million in the second quarter of the year, the Bermuda Monetary Authority has reported. The BMA, in its quarterly banking digest, said that it was an increase of 36.6 per cent, or $23.1 ...

Bermuda’s $22 million revenue loss in aircraft registry receipts as a result of the withdrawal of Russian aircraft certification business, can be covered by better than expected tourism receipts, a rating agency has declared. It was a position taken ...

For the second time in little more than a year, Moody’s Investors Service has downgraded the rating for the Government of The Bahamas, this time because of a higher degree of government liquidity risk. The long-term issuer and senior unsecured rating...