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Clarien Bank yesterday apologised to customers after their accounts were frozen. Clients of the bank who had not updated their personal information were left without access to their cash after the bank blocked customer accounts. A spokeswoman for the...

A furious customer yesterday blasted Clarien Bank for blocking access to his account. And the client said the bank had hit him with late payment fees for his mortgage after it refused to process transactions on his account. The man, who asked not to ...

Clarien Bank is to receive a cash injection of $12.6 million from its sole shareholder Edmund Gibbons Ltd and a Canadian private-equity firm. The investment will enable Clarien to exceed the tougher capital regulatory requirements of the Basel III st...

Clarien Bank is to increase its personal base lending rate to 3.75 per cent, up by 0.25 of a percentage point. The rate hike will bring it in line with Butterfield Bank’s rate, while HSBC Bermuda’s rate currently stands at 3.5 per cent. Customers wit...

Bermuda’s banks are upgrading their debit and credit cards in line with changing security standards elsewhere in the world. So-called “chip-and-pin” cards are on the way for customers of HSBC Bermuda, while those who bank with either Bank of Butterfi...

Clarien Bank will not increase its Bermuda dollar base lending rate in the wake of the US Federal Reserve yesterday announcing it was raising interest rates by 0.25 per cent. The bank said it will “continue to monitor changes in the global interest r...

Clarien Bank has forged closer links with a subsidiary offering wealth management services to high net worth clients. Clarien Trust Limited (CTL) provides trustee administrative services for Bermuda-domiciled trusts, including family and estate plann...

Clarien Bank has expanded its private banking business and hired two new staff. Cyril Simmons is now senior private banker, while Carmen Adebiyi has been appointed private banking officer. Clarien head of private banking Clare Spearing said: “They ad...

Clarien Bank has launched an online brokerage service with global reach. The bank’s Clarien iTrade, run in conjunction with the Interactive Brokers platform, allows clients to choose from a wide variety, including equities, options, mutual funds and ...

Clarien Bank has launched new hi-tech debit cards. In a partnership with MasterCard, the bank has introduced industry standard EMV/chip technology. The new cards also include MasterCard PayPass, a contactless tap-and-pay service and are also claimed ...

A Bermuda bank has backed the arts by awarding scholarships to a trio of students involved in the creative arts. Studio art student Nalani Dowling, videography and photography student Kyle Simmons and singer Kioshi Burgess will get support from Clar...

Dipping into the world of contemporary art might not appear the most obvious avenue for diversifying your portfolio of investment assets, but it could prove rewarding in more ways than one. Aesthetically it wins hands down. A company share certificat...