Home Topics Butterfield Bank
Topic: Butterfield Bank
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.
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.
One of Butterfield Bank's employees has tested positive for COVID-19, the bank stated in a press release on Tuesday evening.
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.
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 Bank is donating $15,000 each to the Kiwanis Club of Grand Cayman and Meals on Wheels as they continue to provide meals.
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.
Butterfield, Cayman National and RBC Royal Bank are implementing measures to provide financial relief to clients impacted by the COVID-19 health crisis.
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 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 major Cayman banks have come together in a partnership to install an automated clearing house that will ease the transfer of electronic funds.
Congratulations to Butterfield on its “golden” anniversary in the Cayman Islands. Here’s to your next 50 years.
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 Bank (Cayman) Ltd. 2017 Undergraduate Scholarship recipient Arin Broderick will begin her studies as an undergraduate at Boston University in Massachusetts in January 2018.
Accounting, auditing and advisory firm EisnerAmper Cayman celebrated its 10th anniversary in the Cayman Islands at The Westin Grand Cayman last week.
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.
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 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.
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.
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.
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.
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 Bank reported 2015 core earnings of $113.9 million, a slight improvement of $7.5 million over 2014.
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.
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...
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.
A look at some of Cayman's most popular sporting events of 2015.
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
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
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.
Local runner Teresa Strad ran the race of a lifetime in Antarctica. Local runner Teresa Strad ran the race of a lifetime in Antarctica.
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.
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.
Teresa Strad has never run a half-marathon, but she will soon compete in a most unusual – and chilly – one, in Antarctica.
Crestbridge to open office in Cayman; Butterfield sponsors National Gallery exhibition; anf Hedgeweek names Mourant Ozannes best Offshore Law Firm
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 Tibbett has been named the recipient of Butterfield Bank’s 2015 undergraduate scholarship.
The Cayman Islands Little League Association has announced its 2015 all-stars
Cayman announces its Island Games teams to compete in Jersey from June 27 to July 3.
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.
The Cayman Islands Red Cross has collected nearly $19,000, including nearly $5,000 from public servants, in its 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.
Cayman National Bank confirms double-billed charges have been refunded.
A technical problem at Cayman National Bank caused some people to be billed twice when merchants swiped their cards.
At least eight finalists will compete to be selected as the Butterfield Young Musician of the Year on May 7 at the Prospect Playhouse.
Canadian Imperial Bank of Commerce is selling its $155 million stake in Butterfield, five years after investing in the Bermuda-based banking group.
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.
A band of intrepid swimmers are navigating the 10K Enough Stuff North Sound Swim this weekend to raise money for charity.
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.
Butterfield Bank credit card customers will get new, more secure chip and PIN cards.
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.
The Cayman Islands Gymnastics Association has attracted local sponsors to provide three talented and committed young gymnasts with scholarships for the upcoming season.
A month-by-month review of the Cayman Islands' top new stories in 2014.
Twenty young Caymanians have graduated from the most recent Passport 2 Success program.
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.
Butterfield reported a third quarter net income of $22.8 million.
Butterfield Bank reported a rise in earnings in the second quarter and for the first six months of the year.
A commercial website is expanding to give people an easy way to donate to Cayman charities online.
Butterfield Bank Cayman has reached an agreement to acquire parts of the corporate and retail banking business of HSBC Bank in the Cayman Islands.
A roundup of local business news.
Sixteen-year-old Ethan Whittaker has been honored as Butterfield Young Musician of the Year 2014 for his performance on steel pan.
Based on their performances so far, local riders are set for more success in Trinidad.
The 'Butterfield Young Musicians of the Year' competition is once again upon us, with 13 young hopefuls vying to take home the crown for 2014.
Business in brief.
Cayman’s equestrian community will be looking to impress by leaps and bounds.
Police are investigating a robbery at gunpoint of a woman as she walked home in George Town on Sunday night.
Law students visit Cayman to learn about the financial industry and how it works.
The annual Irish Jog is approaching and is guaranteed another huge participation of over 1,000 runners and walkers.
A small step towards solving the National issue of unemployment among Caymanians was made through an out-of-work pilot program - where 18 Caymanians secured permanent employment at various local businesses.
The Cayman Islands Society of Professional Accountants has appointed Sheree Ebanks as its chief executive officer.
Caymanians who did their Christmas shopping at Target department stores in the US are among those impacted by a massive data breach at the store.