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Bahamas contributes 4m to Butterfield's net loss
Bahamas contributes 4m to Butterfield's net loss
Bank of NT Butterfield & Son Limited posted another annual net loss over $200 million, with The Bahamas division of its operations kicking in $3.96 million to the net loss.
The consolidated net loss for the Bermuda-based bank for the year ended December 31, 2010 was $207.6 million, about 3 percent less than the previous year’s loss of $213.4 million. Locally Butterfield went through some do...
PTC business booming at Butterfield
PTC business booming at Butterfield
On the scene for about five years now, private trust companies (PTCs) are growing in importance to trust and fiduciary service providers in The Bahamas, with a local trust services provider saying they are leading business growth.
“It’s probably our number one growth area in the trust business, and it certainly looks likely to be that way this year too,” Julien Martel, director a...
Barrise Griffin is first Bahamian to be awarded Butterfield International Scholarship
Barrise Griffin is the first Bahamian to receive a prestigious Butterfield Scholarship. Griffin, 24, has commenced studies at King's College, University of London, United Kingdom, having been awarded the Butterfield Post-Graduate Scholarship, which is available to students in all 10 Butterfield jurisdictions globally who are studying disciplines related to the preservation and improvement of islan...
Butterfield Employees around the world participate in coastal cleanup
Employees of Butterfield Group companies around the world joined forces with local environmental groups to take part in the International Costal Clean-Up on Saturday, 16 September 2017. 267 Butterfield team members cleared 113 bags of trash and recyclables from public spaces in six countries during the first of what will become an annual Community Action Day for the Bank...
Butterfield Trust named Trust Company of the Year
Butterfield Trust named Trust Company of the Year
Butterfield Group has announced that Butterfield Trust, comprising six independently incorporated trust companies located in key financial centers, has been named Trust Company of the Year at the 10th annual STEP Private Client Awards.
Timothy Colclough appointed managing director of Butterfield Trust
The Bank of N.T. Butterfield & Son Limited ("Butterfield") has announced that Timothy Colclough has been named managing director of Butterfield Trust (Bahamas) Limited.
Butterfield receives three
Butterfield Focuses On 'Loyal' Clients
Butterfield Focuses On 'Loyal' Clients
A senior Butterfield executive says the institution plans to focus strongly on its existing and loyal clients in The Bahamas following a rebranding in the country.
Ian Fair, the bank's deputy chairman, said Butterfield Trust (Bahamas) Limited always has an eye for new business, particularly in the developing world.
Butterfield reverses losing trend for 8M Q1 profit
Butterfield reverses losing trend for 8M Q1 profit
Following two years of net losses in the hundreds of millions, the parent company of Butterfield Bank (Bahamas) Limited is beginning to yield profits again, posting net income of $8.4 million for the first quarter of 2011.
The Bahamas was able to contribute about $0.6 million in net income for the period ended March 31, a turnaround from the same period in 2010 when Butterfield (Bahamas) posted a...