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Clarien Bank Ltd has announced the appointment of three new team members. Jennifer Hanson joins as SVP, head of trust and family office, where the organisation said she is expected to play a leadership role in the strategic development of Clarien Wea...

The Bank of Bermuda Foundation has changed its name to the Centennial Bermuda Foundation and introduced a new logo. Tom Conyers, the chairman of the foundation, said the new name helped Centennial establish itself as an independent, private foundati...

The Government’s plan to tie the base lending rate charged by Bermuda’s banks to the US prime rate will not necessarily mean cheaper loans for borrowers, financial experts warned yesterday. Nathan Kowalski, a financial columnist for The Royal Gazett...

Clarien Bank is extending its loan-deferral programme for another three months to assist customers who have been financially impacted due to the Covid-19 pandemic Clients must inform the bank of their intention to opt-in to the payment deferral for ...

Bermuda is leading the way as it shifts to contactless payments using debit and credit cards. The island is ahead of others in the Caribbean and associated region when it comes to such transactions, according to data from MasterCard. Florence Smith, ...

Butterfield Bank has defended its decision to make larger interest rate cuts in Cayman than in Bermuda after criticism from the Premier and the finance minister. The bank said the decisions reflected the “different demand, supply and lending-risk rea...

In response to phase one of the Bermuda Government’s reopening plan for the island’s economy, the Bermuda Bankers Association has confirmed the authorised new limited operations and opening times for the island’s banks. This includes opening times fo...

Banks are to open their doors for one day a week to offer limited retail banking services. The initiative is designed primarily to assist seniors and other vulnerable members of society. The Bermuda Bankers Association has obtained approval from Curt...

All of Bermuda’s banks have decided to waive ATM fees for Bermuda dollar cash withdrawals for the period of “shelter in place” conditions. This means that customers of one bank will be able to withdraw cash from the ATM of other banks without financ...

An economist has called for local banks to halt payments of bonuses and dividends, and to suspend share buybacks, to maximise their ability to help the community through the Covid-19 crisis. Robert Stubbs, head of research at Seed Bermuda (Social, Ec...

Bermuda’s banks say they will work with customers who struggle financially in the event of coronavirus-related economic disruption. The Bermuda Bankers Association said last night that its members had been “very active in preparing for the potential ...

Bermudian Michael J.A. Darling has been promoted to managing director at Morgan Stanley Wealth Management in New York. Mr Darling, 59, of Warwick, runs the Island Group, an experienced group having more than 115 years of combined industry experience,...