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It compares with net income of $57.4 million for the third quarter of 2022

CEO cites inflation and interest rates as dozens are set to be made redundant despite strong earnings

No exact word on what lies ahead for Bermuda staff, but some roles across the bank globally to be affected

The bank said the scheduled work will bring Cayman customers onto the same online infrastructure introduced to Bermuda in April

Outage comes months after a full crash of the bank’s computer network for days

Progressive Labour Party MP says something has to be done to stop institutions from closing client account without foundation

The unsolicited offer was made by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares

Warning comes after police say they have hundreds of reports of financial scams this year

Assets decline as savers chase higher returns in a higher-rate environment

Customers can get in line virtually and then go do something else until it is their turn

Students to use awards to help to fund studies in the law, business and Spanish

Solid balance sheet, good capitalisation, low cost of funds and a diverse range of non-interest revenues were noted