October 21, 2021

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 […]

Butterfield aims to expand trust business

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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 money the bank raises from the initial public offering will be used for “general corporate […]

Petroceltic employees consider offer under survival proposals

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By Mary Carolan From The irish Times A hearing aimed at getting High Court approval for a survival scheme for exploration company Petroceltic has been adjourned after day-long talks over employees’ concerns about the survival proposals failed to end in agreement. The hearing will now open on Thursday by which time lawyers for the employees […]