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Banking

Local Business

"Bermuda Commercial Bank launches asset management division"

Bermuda Commercial Bank Limited (BCB) has launched a new division of the company focused on providing asset management services and investment solutions to both private and institutional clients. BCB Asset Management Limited received its Investment ...
May 02, 2012
Local Business

"Butterfield ‘still strong’ despite share dip below $1"

Butterfield Bank’s shares have dipped below a dollar for the first time, but analysts we spoke to said the company remained solid. The share price closing at a new low of 99 cents last Tuesday was more “psychologically alarming” than anything, Nathan...
Apr 09, 2012
Letters to the Editor

"A disgraceful imposition"

March 19, 2012 Dear Sir, Are doctors and dentists being burned into bankers? Just as I would not go to a banker to check my pulse, why should I go to a doctor or a dentist to get a loan to tide me over until my insurance company paid my medical claim...
Mar 23, 2012
Local Business

"LOM analyst sees Butterfield profits rising modestly"

Things are looking up for Butterfield Bank and its shareholders, according to LOM analysts. A report released yesterday by LOM Securities (Bermuda) Ltd rates Butterfield shares as “hold” with a price target of $1.40, 27 percent higher than yesterday...
Mar 13, 2012
Other

HSBC teams up with S&P to reduce equity risk for investors

Investors can hardly be blamed for being wary of the financial markets after the roller-coaster ride of the past few years. HSBC Bermuda has teamed up with Standard & Poor’s to come up with a new investment product that is claimed to remove some of t...
Mar 08, 2012
Other

"Bermuda named as Japan hunts for missing pension funds"

Bermuda has been named by Japan as it seeks to find corporate pension assets that have “disappeared”. AIJ Investment Advisors Co is believed to have channelled about 200 billion yen, some $2.48 billion, of corporate pension assets in custody into pri...
Feb 28, 2012
Other

"Lines promoted to Senior VP at FAC"

First Atlantic Commerce (FAC) has announced the appointment of Tricia Lines Hill to the position of Senior Vice President, Business Development and Marketing. Founded in 1998, Bermuda-based FAC is a global, online payment provider for businesses. Mrs...
Jan 20, 2012
Other

"Technical problems hits ATMs at airport"

Long queues were reported at LF Wade International Airport, after technical problems knocked out HSBC terminals, and customs duties had to be paid by cash. Butterfield ATMs were reportedly functioning, forcing weary travellers to line up once to take...
Jan 11, 2012
Other

"Charitable giving by banks tops $2 million this year"

In spite of the challenging global economy, Bermuda’s banks have certainly come to the aid of the community. Between them, this year the Island’s retail banks have given more than $2 million to charities and staff have donated hundreds of hours to vo...
Dec 30, 2011
Letters to the Editor

"Wire transfers take too long "

Money questions December 7, 2011 Dear Sir, I would like to ask the following of our local banks: Why can a cash withdrawal from an HSBC bank account made through a Bank of Butterfield ATM be debited within an hour of the transaction taking place, bu...
Dec 15, 2011
Other

"BMA launches money protection awareness campaign"

Bermuda’s financial institution watchdog has launched a new awareness campaign aimed to help consumers protect their money when banking and investing. The Bermuda Monetary Authority, the Island’s independent financial services regulator, developed th...
Dec 09, 2011
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