Hashtag: #BermudaBanks
Minister Discusses Affordability With Banks
The Minister of Home Affairs Alexa Lightbourne recently met with the leadership of HSBC Bermuda and Butterfield to discuss a range of issues related to affordability and consumer protection in Bermuda. A Government spokesperson said, “Minister Lightbourne outlined her Ministry’s mandate to ensure a more affordable Bermuda for all, highlighting the... Read more of this article
Clarien To Reduce Lending Rates In January
Clarien today announced that it “will be reducing its lending rates by 0.25% with effect on 12 January 2026.” A spokesperson said, “The change will affect variable rate loans and mortgages that are subject to Clarien’s Bermuda Dollar Base Rate and US Dollar Prime Rate. “Clients will receive written notices explaining the change... Read more of this article
Butterfield Share Repurchases For Nov 2025
The Bank of Butterfield repurchased for cancellation 261,768 common shares in November 2025. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased for cancellation 261,768 common shares... Read more of this article
Clarien Announces Promotion Of Lutkin To SVP
Clarien Bank Limited has announced the promotion of Qing [Judy] Lutkin to Senior Vice President, Head of Investment Management. A spokesperson said, “Clarien Bank Limited, a leading independent integrated financial organization, is pleased to end the 2025 announcing the promotion of Qing [Judy] Lutkin to the role of Senior Vice President, Head of... Read more of this article
Clarien Launches Debit In Google Wallet
Clarien Bank has launched Clarien Mastercard debit in Google Wallet today [Nov 10]. A spokesperson said, “Bermudians will be able to tap and go without spending limits for the first time with the launch of Clarien Mastercard debit in Google Wallet. “Clarien Bank has partnered with global leaders Mastercard and Google Wallet so that customers... Read more of this article
Butterfield Share Repurchases For Oct 2025
The Bank of Butterfield repurchased for cancellation 233,699 common shares in October 2025. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased for cancellation 233,699 common... Read more of this article
Butterfield Reopens Somerset Banking Centre
Butterfield has reopened the doors to its Somerset Banking Centre at 45 Mangrove Bay Road following a “multi-million-dollar investment in its full renovation to enhance the customer experience.” The renovated exterior of Butterfield’s Somerset Banking Centre: A spokesperson said, “The Somerset Banking Centre provides a welcoming,... Read more of this article
Butterfield Reports 2025 Third Quarter Results
The Bank of N.T. Butterfield & Son Limited announced financial results for the quarter ended September 30, 2025. A spokesperson said, “Net income for the third quarter of 2025 was $61.1 million, or $1.46 per diluted common share, compared to net income of $53.3 million, or $1.25 per diluted common share, for the previous quarter and $52.7 million,... Read more of this article
Butterfield Share Repurchases For Sept 2025
The Bank of Butterfield repurchased for cancellation 179,749 common shares at an average price of $44.82 per share in September 2025. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased... Read more of this article
New Regulations For Bank Overdraft & Limit Fees
Premier David Burt tabled regulations which he said “represent an important step in ensuring that Bermuda’s financial services framework provides fair treatment for consumers.” Speaking in the House of Assembly today [Sept 26], the Premier said, “Earlier today I tabled the regulations entitled the Banks and Deposit Companies [Over-the-Limit... Read more of this article
Clarien Bank Reducing Base Lending Rate
Clarien Bank’s Bermuda Dollar base lending rate will be reduced by 0.25% as of October 1. A spokesperson said, “Clarien today announced that, commencing 1 October 2025, its Bermuda Dollar base lending rate will be reduced by 0.25%. “This change means that interest rates on loans and other credit facilities tied to the base rate will... Read more of this article
Butterfield Bank Reduces Base Interest Rates
The Bank of Butterfield is reducing its base interest rates on loans and mortgages by 0.25%. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited [“Butterfield”] announced that, in response to today’s decrease in the target range of the US Federal Funds Rate, it is reducing its base interest rates on loans and mortgages... Read more of this article
