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An antiracism charity today called for more consideration and consultation on racial matters after controversy broke out over a bank’s bursary programme designed to help Black children attend private schools. A spokeswoman for Citizens Uprooting Raci...

A bank came under fire for the perpetuation of racist mechanisms yesterday after it offered several private school bursaries for Black pupils. Social Justice Bermuda said that it supported the principle of investment in education for Black Bermudian...

Banking centres operated by Butterfield Bank are to return to regular operating hours, effective on Monday. The bank said its branches on Reid Street in Hamilton, and in Somerset and St George will be open Monday to Friday from 9am until 4pm. Butterf...

Banking industry veteran Neville Grant has joined Bermuda Commercial Bank as chief commercial officer. The bank said Mr Grant joins BCB with 28 years of experience, including senior banking roles at HSBC, both in Bermuda and internationally, as well ...

Clarien Bank is resuming walk-in service from tomorrow. Appointments will no longer be required. The bank said in-branch social distancing will continue to be strictly monitored by its security, and Clarien employees and clients must wear facial mask...

HSBC Bermuda has temporarily closed its Church Street branch until further notice. In a statement, it said: “Due to the recent rise in the number of individuals testing positive for Covid-19 on the island and the consequent school closures and Govern...

Teaching youngsters about good saving habits is part of the aim of new savings accounts for children aged 7 and up, that have been launched by HSBC Bermuda Bank Limited. To celebrate the Easter holiday season, every child who opens either the MySavin...

Butterfield Bank has added to the prizes offered in its Mastercard ‘Perks’ Campaign, including a four-night stay at the new St Regis Bermuda Resort, in St George’s. The bank said the promotional campaign supports local merchants and the economy by en...

Financial-services investment holding company Somers Ltd has reported record quarterly net income of $190 million for the fourth quarter of 2020. That compares with net income of $74.6 million for the final quarter of 2019. Earnings per share in the ...

Eleven members of the trust team at Butterfield Group are featured in the Private Client Global Elite Directory 2021: Elite Recommends. Butterfield said the prestigious directory is published annually by Global Elite, a worldwide network of private c...

A barrister has dismissed claims that banks negotiated mortgages in the knowledge that borrowers would default and allow the lender to seize properties at bargain prices. Christopher Swan, a property lawyer, said that he had heard anecdotal accounts ...

A warning has been issued about a fraudulent website which falsely claims to be a crypto bank operating from an address in Bermuda. The Bermuda Monetary Authority said it had been made aware of a fraudulent website at www.bankofnevis.com, which false...