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Butterfield Bank and other financial institutions are offering mortgage relief to customers impacted by the coronavirus crisis.

Butterfield expedites digital nomad onboarding

Butterfield announced it will allow holders of the Global Citizen certificate to open a bank account without valid address-verification documents, such as a Cayman utility bill or rental agreement.

Butterfield’s quarterly net income declines

Butterfield Bank’s net income decreased to $30.5 million in the third quarter of 2020, from $34.3 million the previous quarter, while core net income increased during July to September over the previous three months.

Business in brief

Employees of Caribbean Utilities Company have authorised CUC to donate monthly deductions from their salaries to the Needs Assessment Unit.

Butterfield offers optional three-month loan deferral

Butterfield Bank will provide existing clients in good standing who have personal loans and mortgages with the option of deferring payments for another three months.

Butterfield reports lower full-year earnings

Butterfield reported lower net income of US$177.1 million, or $3.30 per share, for financial year 2019, down from $195.2 million and $3.50 per share in 2018, as the banking group integrated the acquisition of ABN AMRO’s banking business in the Channel Islands.

Butterfield Young Musician of the Year

Saturday evening saw 11 student finalists from seven of Cayman’s public and private schools perform to a packed audience, including Governor Martyn Roper, his wife Elisabeth Roper, and a panel of international judges.
Butterfield Bank

Butterfield to acquire ABN AMRO operations in the Channel Islands

Butterfield has entered into a definitive agreement to acquire the Channel Islands-based banking business of ABN AMRO Bank N.V. through its wholly owned subsidiary Butterfield Bank (Guernsey) Limited.
Butterfield Bank

Butterfield migrates to new online banking platform, with some hiccups

Butterfield introduced a new version of its Butterfield Online banking system for personal banking customers on the evening of Saturday, March 2. The move took some of the bank’s customers by surprise, while others struggled to access the new service.

Court dismisses dishonesty claim against Butterfield Bank

The Grand Court has ruled that Butterfield Bank (Cayman) Ltd. did not act dishonestly when it failed to spot multiple fraudulent transactions from 2008-2010, causing a captive insurance company to be fleeced for about US$529,000.

Butterfield completes its acquisition of Deutsche Bank Global Trust Solutions

Butterfield has completed the acquisition of Deutsche Bank’s Global Trust Solutions business outside of the United States. The GTS portfolio consists of some 1,000 trust structures for approximately 900 clients.

Butterfield to acquire Deutsche Bank business

The Bank of N.T. Butterfield & Son Ltd. announced Thursday that it has entered an agreement to acquire Deutsche Bank’s banking and custody business in the Cayman Islands, Jersey and Guernsey.

Business in brief — Career Fair: Cayman Academy student wins laptop

At the Cayman Academy Career Fair, a year 8 student received an HP Pavilion Notebook as a prize for correctly answering a quiz on the Cayman Islands’ financial services industry.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Driver arrested after pile-up

Five vehicles and a bicycle were involved in a pile-up that snarled rush hour traffic around George Town for nearly two hours Thursday.

Butterfield to acquire Deutsche Bank global trust business

The Bank of N.T. Butterfield & Son Limited announced last week that it has entered into an agreement to acquire the Germany-based Deutsche Bank’s Global Trust Solutions business.

Business in brief: Njoka donates to Lighthouse School

Paul Njoka, vice president at Kensington Management Group, has committed to donate all of the fees he received for presenting a public speaking workshop for the Cayman Islands Marketing Professionals Association to the Lighthouse School.

Young Musician of the Year award finalists meet at luncheon

The finalists for the annual Butterfield Young Musician of the Year award met for an informal luncheon hosted at Butterfield Place in George Town on March 6.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Bank offers postgraduate environmental scholarship

A US$25,000 annual Butterfield Post-Graduate Scholarship will be awarded to an eligible student who is a resident of the Cayman Islands, Bermuda, The Bahamas, Guernsey, the United Kingdom, Switzerland or Canada, according to a press release.

Butterfield sees full-year core earnings, net income growth

Butterfield increased net earnings by $38.2 million to $115.9 million in 2016. Core earnings for the full year were $138.6 million, an increase of $24.7 million compared to 2015, the banking group announced last week.

Butterfield donates $5K to Feed Our Future

The management and staff of Butterfield Bank Cayman Ltd. have donated $5,000 to Cayman nonprofit Feed Our Future. Stacey VanDevelde, chairwoman of Feed Our Future, said the money helps the organization to provide healthy meals to children in need in the community.

Butterfield lists on New York Stock Exchange

Butterfield Group listed its shares on the New York Stock Exchange on Friday in an initial public offering of 10.6 million shares.

Business in Brief: Cayman Finance delivers Bar Association student chapter lecture

Tortuga Rum Company appoints new general manager; Hawksford appoints chief operating officer; Butterfield receives U.S. Captive Services Award; Walkers announces four new scholarship recipients; Caymanian litigator joins HSM Group; and Estera sponsors Cayman Touch Rugby at U.S. Nationals

Business in brief: RE/MAX launches real estate apprenticeship program

Digital forensics expert joins KRyS Global; EY wins top CPA firm at Captive Services Awards; HSM Group adds dispute resolution attorney; Butterfield scholarship recipient to study at Durham

Business in Brief: Water Authority sponsors prostate & colon cancer awareness event

The Water Authority-Cayman is again sponsoring the annual Delano Hislop Memorial Journey for Life, a walk/run that aims to raise awareness about prostate and colon cancer.

Butterfield backs change to confidentiality laws

Butterfield Group has stated that it welcomes proposed changes to the laws governing the disclosure of confidential information in the Cayman Islands.

Butterfield’s core earnings improve in first quarter

Butterfield reported first-quarter core earnings of $36 million, $7 million higher than during the same period last year.

The interest rate’s disappearing act

Who could have ever imagined a world where you lend money with the full acknowledgement that you will be repaid less than the amount owed? So, rather than receiving interest on your hard-earned cash, you pay the borrower for the privilege of taking this cash off your hands.

Kiteboarders raise thousands for Cancer Society

A small team of ambitious and charitable kiteboarders who plan to ride the wind from Little Cayman to Grand Cayman as part of the first Maples Kiting for Cancer event have raised $100,000 for the Cayman Islands Cancer Society.

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