Butterfield aims to expand trust business
By Jonathan Kent, Business Editor From The Royal Gazette Butterfield Bank is eyeing acquisition opportunities in the trust industry after a successful debut for its shares on the New York Stock Exchange. Michael Collins, Butterfield’s chief executive officer, said the…
Bermuda Monetary Authority Fines Barrington Investments Limited $50,000 – Restricts Licence
HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority) has fined local investment company, Barrington Investments Limited (Barrington), $50,000 for a number of serious regulatory breaches. In addition, the Authority has restricted Barrington’s investment business licence. This means that while the…
Bank of N.T. Butterfield & Son Ltd (NTB) to Raise $249 Million in IPO
By Teresa Graham From The Cerbat Gem Bank of N.T. Butterfield & Son Ltd logo IPOBank of N.T. Butterfield & Son Ltd (NTB) expects to raise $249 million in an IPO on Friday, September 16th. The company plans to issue…
Butterfield welcomes proposed change of confidentiality laws in Cayman Islands
Hamilton, Bermuda and George Town, Grand Cayman—27 May 2016: Butterfield Group, which comprises full-service community banking and wealth management operations in the Cayman Islands and Bermuda, and specialised wealth management and fiduciary services operations in Guernsey, Switzerland, The Bahamas and…
Michael McWatt appointed Managing Director, Butterfield Bank (Cayman) Limited
Hamilton, Bermuda and George Town, Grand Cayman—10 May 2016:The Bank of N. T. Butterfield & Son Limited announced that Michael McWatt [pictured] was named Managing Director, Butterfield Bank [Cayman] Limited, effective 26 April 2016. In this capacity, he will lead Butterfield…
Bermuda: BF&M to launch its first share buyback
By Jonathan Kent, Business Editor From Royal Gazette BF&M Ltd has announced the first share buyback programme in the company’s history at a time when the company is trading at little more than half of its book value. The programme,…
Cayman Islands: Butterfield Reports First Quarter Profit
Q1 2016 core earnings(1) of $36.0 million, up $7.0 million (24.1%) over Q1 2015 Q1 2016 net income of $26.8 million, down $1.2 million (4.3%) over Q1 2015(3) Core cash earnings per share of $0.07, up $0.02 from $0.05 in…
Butterfield Bank reports increased earnings
Butterfield Reports 2015 Full Year Results 2015 core earnings(1) of $113.9 million, up $7.5 million (7.1%) over 2014 2015 net income of $77.7 million, down $30.5 million (28.1%) over 2014(3) · Core cash return on average tangible common equity improves…
Conor O’Dea to retire as Butterfield President & COO and Cayman Islands Managing Director
O’Dea Appointed Non-Executive Chairman of Cayman Board; Will Stand for Election to Group Board at AGM Hamilton, Bermuda and George Town, Grand Cayman—14 January 2016: Butterfield Group today announced that Conor O’Dea, President & Chief Operating Officer and Managing Director…
Cayman Islands trust company named Trust Company of the Year
Butterfield Trust Named Trust Company of the Year Hamilton, Bermuda and George Town, Grand Cayman—15 September 2015: Butterfield Group today announced that Butterfield Trust, comprising six independently incorporated trust companies located in key financial centres, has been named Trust Company…
