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Jewel, Bermuda’s new digital bank for global digital asset institutions, has partnered with blockchain development ecosystem, Polygon, to issue its Jewel USD stablecoin, Asset Servicing Times has reported. The bank is the first to be licensed to issu...

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 million judgment in the Supreme Court. And the appeals ...

A legal case involving the Spice Girls was cited by a lawyer as he attempted to fight a $550 million Supreme Court judgment against a Bermuda unit of one of the world’s largest investment banks. The Court of Appeal hearing is the next chapter in the ...

The Bank of NT Butterfield & Son Limited has announced that Ingrid Pierce has joined its board as an independent director, bringing the total number of directors to ten. Ms Pierce is the global managing partner of Walkers, the international law firm....

For the third consecutive year, HSBC Bermuda has joined companies from around the world in recognising the International Day of Persons with Disabilities and illuminating the bank’s Harbourview building in purple on Saturday. IDPWD has been promoted ...

Butterfield has been recognised as the best private bank in Bermuda and the Cayman Islands by The Banker and PWM in the 14th annual Global Private Banking Awards 2022 — and also by Global Finance in their eighth annual World’s Best Private Banks 2023...

Customers of HSBC Bermuda must close their safe (or safety) deposit boxes for good by the end of March, the organisation has confirmed. A spokeswoman for HSBC said: “Periodically, HSBC Group review their products and services to ensure that they are ...

The Bank of N.T. Butterfield & Son Limited’s net income rose 44 per cent to $57.4 million for the third quarter of the year as it benefited from interest rate rises. That compares to net income of $49.1 million for the previous quarter and $39.8 mill...

There are digital assets coming in the future that could make life easier for the ordinary citizen by lowering mortgage rates and making it easier to start a business. That was the message from David Burt, the Premier and Minister of Finance, at the ...

Dear Sir, The United States Federal Reserve and the Bank of England are the arsonists who started the inflation fires, and they are now trying to put the fires out. The United States Federal Reserve and the Bank of England had no other choice but to ...

Hundreds of trees will be planted in a three-year partnership between a financial institution and a preservation charity. Clarien Bank announced that it will team up with the Bermuda National Trust to add native and endemic specimens as well as shrub...

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 ...