January 20, 2021

PLP calls on Govt to ‘Take Action’ to keep jobs

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From Bernews “In light of the news that Butterfield Bank is considering moving jobs from Bermuda to Halifax, the PLP calls on the minority OBA government to take action to keep Bermudian jobs here in Bermuda,” PLP spokesperson for Home Affairs Walton Brown said. Mr Brown said, “The job of the Bermuda government is to […]

Butterfield may relocate jobs to Halifax

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By Scott Neil From The Royal Gazette Butterfield Bank is aiming to cut operating costs as it moves some middle-office functions and back-office departments to its service centre in Canada. It is expected that this will allow the bank to reduce its expenses in Bermuda and Cayman. There has been no announced impact on jobs […]

Cayman Islands Red Cross launches Hurricane Matthew appeal

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The Cayman Islands Red Cross has officially launched an emergency appeal to help the most vulnerable communities affected by Hurricane Matthew. This dangerous hurricane swept through the regi on causing substantial damage and loss of life in Haiti as a category-four storm with heavy rains and winds of up to 145mph lashing the south-west of […]

Butterfield Bank reports increased earnings

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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 to 18.4% Core cash earnings per share of $0.20, up $0.03 from $0.17 in 2014(2) […]

Cayman Islands’ offshore banking sector shrinking

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By Raymond Hainey From The Royal Gazette Cayman Islands: its offshore banking sector is shrinking under regulatory pressure A major sector of the banking industry in the Caymans could be wiped out by tough regulations designed to fight money-laundering. The number of Class B banks registered with the islands’ regulator has fallen by 14 to […]

Passport 2 Success (P2S) prepares young Caymanians for employment

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On Monday, 1 December 2014, 20 young people seeking to improve their chances of employability became the 15th cohort to graduate from the employment preparedness programme Passport2Success (P2S). P2S Cohort 15 was the third group this year to complete the 12-week programme. Participants engage in practical hands-on training in occupational, personal and job-specific skills. They […]

The Banker names Butterfield “Bank of Year”

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From Bernews On Friday, 28 November, international banking industry publication, The Banker, named The Bank of N.T. Butterfield & Son Limited and Butterfield Bank [Cayman] Limited the recipients of its Bank of the Year 2014 Awards in Bermuda and the Cayman Islands. This is the second consecutive year that Butterfield has been named “Bank of […]