Topic: Butterfield Bank
Butterfield to buy CIBC Caribbean for US$1.8 billion
The acquisition, which is still subject to approval from regulators, would see Butterfield pay a combination of cash and shares for a 91.7% stake in CIBC Caribbean.
Butterfield announces agreement to acquire Rawlinson & Hunter Guernsey
The Bank of N.T. Butterfield & Son Limited announced that it has entered into an agreement to acquire Rawlinson & Hunter in Guernsey, the independently owned Guernsey member firm of the Rawlinson & Hunter International Network.
US stock market: When calm masks concentration
At first glance, the US equity market appears steady. The S&P 500 has moved broadly sideways over the past three months, suggesting consolidation after a strong run. Yet beneath that calm surface, a meaningful rotation is under way, one that carries parallels with the year 2000.
Butterfield posts strong 2025 results
The Bermuda-headquartered bank’s fourth-quarter and full-year earnings report for 2025 saw an increase in net income.
Butterfield relaunches ‘Young Savers Account’ programme
Butterfield announced the launch of an enhanced 'Young Savers Account' that can be opened for any child from birth.
Uproar after Butterfield stamp duty collection glitch
A late afternoon email from Butterfield Bank to its customers in Cayman announcing that they would be charged retroactively for unpaid government stamp duty on debit transactions led to an avalanche of complaints on Thursday.
Compliance sweep disrupts Cayman residents’ bank accounts
Hundreds of ordinary Cayman Islands residents are being hit with onerous banking compliance requirements amid increased scrutiny over money laundering threats. Some say they have had accounts locked for failing to provide paperwork.
Butterfield Reports First Quarter 2024 Results
Butterfield Bank announces financial results for the quarter ended March 31, 2024.
Butterfield online banking offline this weekend
Butterfield Bank's online banking services will be unavailable this weekend as it updates its system, the bank has advised.
The elephant in the room: Recession
While global market headlines about high interest rates, persistent inflation, US debt, the impact of artificial intelligence and US-China tensions have been dominating the news, the elephant in the room is recession.
Butterfield beats earnings, revenue estimates in 2Q
Butterfield reported second quarter net income of US$49.1 million, up from $44.4 million in the previous quarter and $39.6 million a year ago.
Butterfield launches graduate talent programme
Butterfield Bank has announced the launch of its Graduate Talent Programme and is now accepting applications via its website.
Butterfield raises interest rates after Federal Reserve’s 0.5% hike
Butterfield Bank has adjusted its prime rate, or base lending rate, for US and CI dollar lending for residential mortgages, consumer loans and corporate loans.
Butterfield increases net income in first quarter 2021
Butterfield reported first quarter net income of $44.4 million compared to $41.7 million in the previous quarter and $41.6 million during the same period one year ago.
Butterfield combines Governors Square and Camana Bay branches
Butterfield Bank announced it will consolidate its Camana Bay and Governors Square operations, with plans to expand enlarge its branch Camana Bay.
Business in brief: RF Bank & Trust, Butterfield, Scotiabank
RF Bank & Trust expects Cayman’s economy to return to its 2019 level by next year.
Butterfield Camana Bay branch closes temporarily due to COVID
Butterfield Bank announced that from Monday, 22 Nov., its Camana Bay branch will temporarily close until further notice.
Butterfield Bank to forfeit $4.9M following US tax-evasion probe
Butterfield Bank agreed to forfeit almost US$4.9 million in a non-prosecution agreement with the United States Department of Justice, after admitting it helped US taxpayers evade paying taxes via its Cayman Islands and Bermuda banks.
Cayman biggest contributor to Butterfield’s full year earnings
Butterfield ended the year with a solid fourth quarter as Cayman contributed higher earnings than Bermuda to the banking group’s annual results for the second consecutive year.
Butterfield staffer tests positive for COVID-19
One of Butterfield Bank's employees has tested positive for COVID-19, the bank stated in a press release on Tuesday evening.
Butterfield: First-quarter profit down but in ‘strong position’ to deal with COVID-19 crisis
Butterfield Bank has said its capital and liquidity profile remains strong after it has faced the headwinds from COVID-19 in the first quarter of the year.
Ask the Experts roundtable: Financial planning
The topic of money is top of mind for many during these times where COVID-19 prevention measures have shut down down businesses and left many unemployed.
Butterfield donates to Kiwanis and Meals on Wheels
Butterfield Bank is donating $15,000 each to the Kiwanis Club of Grand Cayman and Meals on Wheels as they continue to provide meals.
Butterfield suspends changes to credit card rates and fees
Butterfield Bank advised customers in Cayman Thursday that previously announced changes to credit card rates and fees, which were to have taken effect on 31 March, have been suspended until further notice.
Banks offer mortgage relief amid crisis
Butterfield, Cayman National and RBC Royal Bank are implementing measures to provide financial relief to clients impacted by the COVID-19 health crisis.
Butterfield restructuring shifts jobs to Nova Scotia
Butterfield Bank is moving 22 jobs from Bermuda and Cayman to its support centre in Halifax, Nova Scotia, as part of a restructuring exercise to cut costs.
Butterfield Bank reports ‘record profitability’ in 2018
Butterfield Bank ended 2018 on a high with fourth quarter net income of $50.9 million or $0.92 per share, compared to $50.4 million in the third quarter of 2018 and $40.3 million in the fourth quarter of 2017.
Six Cayman retail banks install automated clearing house
Six major Cayman banks have come together in a partnership to install an automated clearing house that will ease the transfer of electronic funds.
EDITORIAL – Butterfield Bank: A half-century of service to Cayman
Congratulations to Butterfield on its “golden” anniversary in the Cayman Islands. Here’s to your next 50 years.
Local athletes to go the distance for CCMI
With the fall race season in full swing, two local athletes, Rotarians Chris Bailey and Derek Haines, are making final preparations to go the distance for the Central Caribbean Marine Institute.
Butterfield scholarship recipient will study medicine
Butterfield Bank (Cayman) Ltd. 2017 Undergraduate Scholarship recipient Arin Broderick will begin her studies as an undergraduate at Boston University in Massachusetts in January 2018.
Business in brief: EisnerAmper celebrates 10 years in Cayman
Accounting, auditing and advisory firm EisnerAmper Cayman celebrated its 10th anniversary in the Cayman Islands at The Westin Grand Cayman last week.
Butterfield to refund currency fees on CI debit charges
Some Butterfield Bank customers who have inadvertently been charged foreign transaction fees on purchases made with newly issued debit cards will be reimbursed for the additional charges, bank officials said Friday.
Customer confusion as Butterfield replaces debit cards
Butterfield Bank says it has added staff to its call center to deal with customer issues as it replaces all its Visa debit cards with new MasterCard bank cards.
Butterfield reports second quarter profit
Butterfield Bank has announced core earnings for the second quarter of $32.1 million, an improvement of $4.3 million compared to $27.8 million earned in the same quarter a year ago.
Auditions open for Summer Arts Intensive
Aspiring actors, dancers and musicians are invited to audition for Cayman National Cultural Foundation’s Young at Arts Summer Theatre Arts Intensive, which trains young artists in the practical disciplines of performing arts.
Business in brief: Professional accountants’ group has new brand
The Cayman Islands Institute of Professional Accountants celebrated the official launch of CIIPA last week with more than 70 members, government representatives and members of the financial services industry.
Credit card fraudsters attempted almost 400 ATM withdrawals
Five people who conspired to defraud local banks attempted to use cloned credit cards almost 400 times within a four-day period, Crown counsel Toyin Salako said in Grand Court on Tuesday.
Butterfield Bank discloses possible US$4.8M payment
The Bank of N.T. Butterfield & Son Ltd. has made provision for the payment of US$4.8 million, recorded during its financial year which ended Dec. 31, 2015, against the possibility that it could be required to make a settlement payment as the result of an ongoing U.S. federal investigation into tax evasion.
Butterfield sees ‘improved economic conditions in all markets’
Butterfield Bank reported 2015 core earnings of $113.9 million, a slight improvement of $7.5 million over 2014.
Get your green on for the Irish Jog
Runners have just over a month to dig out their favorite leprechaun running shoes and prepare themselves for the St. Patrick’s Day 5K Irish Jog on March 17.
Butterfield managing director to retire
Conor O'Dea, president, chief operating officer and managing director of Butterfield Bank Cayman, will retire from his executive roles on April 26, the bank...
CarePay trial: Prosecutors detail payments to Watson from AIS-CarePay account
Attempting to prove Cayman Islands businessman Canover Watson personally benefited from the CarePay hospital patient swipe-card contract, Crown prosecutors on Monday detailed a number of payments made to Watson or his relatives from the bank account set up to handle profits from that contract.
Cayman's top sporting events draw enthusiastic crowds
A look at some of Cayman's most popular sporting events of 2015.
Cayman business in brief
Only 58 percent of hedge funds deliver positive returns; Tortuga obtains license to export rum to the US; Appleby advised Fosun on acquisition of Ironshore Insurance; Charities featured on Butterfield roundabout
Cayman business in brief
Cable and Wireless and Manchester United team up; Travers Thorp Alberga merges with Orion Law; The Banker names Butterfield ‘Bank of the Year’; PwC moves to Camana Bay
Workshop set for micro and small businesses
Micro and small businesses are invited to a free workshop, “Financing Options for Micro and Small Businesses,” at 5:30 p.m. Wednesday at the Chamber of Commerce in Governors Square.
Cayman Islands athlete warms up to marathon in Antarctica
Local runner Teresa Strad ran the race of a lifetime in Antarctica.
Local runner Teresa Strad ran the race of a lifetime in Antarctica.
CarePay project costs 'increased massively'
The proposed costs of a public hospital patient swipe-card project increased by as much as US$3.5 million after bid documents for the deal were submitted to former Cayman Islands Health Services Authority Board chairman Canover Watson, Crown prosecutors alleged Tuesday.
Local Canadians support Trudeau election
Canadians in the Cayman Islands generally welcomed recent election results there, sweeping away nine years of conservative politics and policies under outgoing Prime Minister Stephen Harper.
Runner will chill out at Antarctica race next month
Teresa Strad has never run a half-marathon, but she will soon compete in a most unusual – and chilly – one, in Antarctica.
Business in brief
Crestbridge to open office in Cayman; Butterfield sponsors National Gallery exhibition; anf Hedgeweek names Mourant Ozannes best Offshore Law Firm
Cayman community rallies around Dominica
For about three days last month, Martin Royer did not know what had happened to his mother, brother, sister and other relatives on the small eastern Caribbean island of Dominica.
Leanni Tibbetts awarded Butterfield scholarship
Leanni Tibbett has been named the recipient of Butterfield Bank’s 2015 undergraduate scholarship.
Little League all-stars announced
The Cayman Islands Little League Association has announced its 2015 all-stars
Island Games teams announced
Cayman announces its Island Games teams to compete in Jersey from June 27 to July 3.
Cayman Red Cross Nepal appeal raises almost $50,000
The Cayman Islands Red Cross’s Nepal Emergency Appeal has raised almost $50,000 to assist people affected by earthquakes that shook the Himalayan nation earlier this year.
Nearly $19,000 raised locally for Nepal
The Cayman Islands Red Cross has collected nearly $19,000, including nearly $5,000 from public servants, in its Nepal earthquake appeal.
Red Cross launches Nepal earthquake appeal
Cayman Islands Red Cross is appealing to the public to contribute towards its fundraising efforts to provide aid to earthquake-devastated Nepal.
CNB double charges reversed
Cayman National Bank confirms double-billed charges have been refunded.
Cayman National double charged some cards
A technical problem at Cayman National Bank caused some people to be billed twice when merchants swiped their cards.
Hopefuls vie for Young Musician of the Year
At least eight finalists will compete to be selected as the Butterfield Young Musician of the Year on May 7 at the Prospect Playhouse.
CIBC sells 19 percent stake in Butterfield
Canadian Imperial Bank of Commerce is selling its $155 million stake in Butterfield, five years after investing in the Bermuda-based banking group.
Freedom of Information: Ready for upgrade
A review of Freedom of Information processes may be incumbent upon local FOI managers, many of whom appear to be less-than-versed in what the law requires or the limits it may place on compliance.
Children's arts festival begins
Children's arts festival begins.
Enough Stuff swim adds to pool
A band of intrepid swimmers are navigating the 10K Enough Stuff North Sound Swim this weekend to raise money for charity.
New probe in FOI wage data release
The Information Commissioner’s office has launched its own investigation into the release of wage data for more than 20,000 work permit holders by the Department of Immigration.
New 'chip and PIN' credit cards for Butterfield Bank
Butterfield Bank credit card customers will get new, more secure chip and PIN cards.
Firms file injunction over wage data release
The information manager for the Immigration Department faces court action over releasing wage data for more than 20,000 work permit holders to the media.
Sponsors give gymnasts a lift
The Cayman Islands Gymnastics Association has attracted local sponsors to provide three talented and committed young gymnasts with scholarships for the upcoming season.
2014 Year in Review
A month-by-month review of the Cayman Islands' top new stories in 2014.
Passport 2 Success graduates 20 young Caymanians
Twenty young Caymanians have graduated from the most recent Passport 2 Success program.
