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HSBC Bermuda, Butterfield Bank and Clarien Bank are all lowering their base lending rates for business and retail customers. All three banks said they were making their moves to help customers with the likely negative economic impact from the Covid-1...

HSBC Bermuda’s net profit rose 3 per cent to $143 million last year. Total operating income before expected credit losses was $281 million, in line with the prior year. The bank said decreases in net interest income were offset by higher net fee inco...

In partnership with The Eliza DoLittle Society (‘TEDS’), HSBC Bermuda’s (‘HSBC’) workforce strive to address the issue of food insecurity in Bermuda. Since the programme’s inception in 2016, HSBC employees have helped to distribute over 27,000 meals...

HSBC Holdings plans to shed about 35,000 jobs — 15 per cent of its global workforce — over the next three years, the bank said yesterday. Any potential impact on HSBC Bermuda is not yet clear. “There is no geographical breakdown regarding potential j...

HSBC has announced the introduction of an additional layer of security for its credit card holders. Customers who sign up for the “Credit Card Alert” programme receive personalised e-mail notifications whenever international, local and online credit ...

The Bank of Bermuda Foundation has handed out more than $950,000 in scholarships to 20 students. The foundation said it selected the winners based on financial need, academic achievement, diversity and equity. Tom Conyers, the chairman of the Foundat...

For the 13th consecutive year HSBC Bermuda will be the lead sponsor for one of Bermuda’s most iconic festivities — Cup Match. Neil Paynter, St George’s Cricket Club president, made the announcement today, saying there was a long and successful histor...

Allison Towlson has been appointed managing director of the Bank of Bermuda Foundation. She has more than 30 years of experience in the insurance industry and joined Ace insurance in 1998 rising to the position of chief operations officer, and went o...

A 200 per cent increase in the monthly maintenance fee for statement savings accounts, is among a range of fee increases announced by HSBC Bank Bermuda Ltd. The new fees are effective from July 1, and affect savings accounts, local and overseas payme...

HSBC Bermuda has announced changes to its online platform for personal banking customers in Bermuda. In an e-mail sent to customers, the bank said the changes will be made “over the coming weeks”, including a new look and feel, and changes to logon r...

HSBC Bank Bermuda Ltd is to raise its base lending rate for the first time since 2010. The rate will increase by 0.25 of a percentage point, effective July 1, 2019. The base rate for Bermuda dollar residential mortgages and consumer loans will incr...

The landmark old HSBC building near the ferry terminal in Hamilton is to get a major overhaul, the new owners promised yesterday. The Green family, also owners of the Hamilton Princess & Beach Club, also announced a new name for the building, Point H...