business and finance

33 million have sought U.S. unemployment aid nationwide since coronavirus hit, nearly 420,000 in Colorado

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.






business and finance

Michael Bloomberg buys $44 million northwest Colorado ranch

The 4,600-acre estate along the White River sits near Meeker in Rio Blanco County, and was owned for nearly 30 years by billionaire Henry Kravis, co-founder of KKR & Co.




business and finance

King Soopers adds Impossible Burgers to plant-based protein offerings

King Soopers this week began selling products from Impossible Food Inc., the company known for its plant-based based burger patties that are on the menus of Burger King restaurants across the country.




business and finance

Two JBS Greeley employees say they were fired after staying home sick during coronavirus pandemic

Married couple Tammy and Ann Day said they got sick with symptoms of the novel coronavirus on March 27.




business and finance

50 Coloradans have been allowed to stay on unemployment after refusing work, labor official says

So far, state labor officials have opened investigations into 150 instances of workers being called back to their workplaces or being offered new jobs and refusing, choosing instead to continue requesting unemployment benefits because of coronavirus-related concerns.




business and finance

Home-building academy’s goal: Provide a foundation for people seeking stable careers, new starts

Billy Liptrot is making the transition from prison to life on the outside just as one of the nation's hottest economic streaks has imploded in the face of a global pandemic. But the 38-year-old husband and father is optimistic as he undertakes training for what he hopes will lead to a career as a carpenter in the home building industry. And the industry says years of "under building" could help the industry bounce back as the economy improves.




business and finance

U.S. unemployment surges to a Depression-era level of 14.7% in April

The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.




business and finance

Denver businesses caught between economic realities and health concerns as they weigh reopening

On Saturday, a host of Denver businesses — from clothing stores to hair salons — will open their doors for the first time in nearly two months as Mayor Michael Hancock’s stay-at-home order expires.




business and finance

“Houston, we’ve had a problem”: Remembering Apollo 13 at 50

Apollo 13's astronauts never gave a thought to their mission number as they blasted off for the moon 50 years ago. Even when their oxygen tank ruptured two days later — on April 13.





business and finance

Gov. Polis takes a cautious look forward to a pandemic-free Colorado during a televised town hall

Gov. Jared Polis took a hopeful, if cautious, look forward Tuesday night at a world in which COVID-19 is no longer a raging force that is occupying the minds and psyches of almost everyone in Colorado.




business and finance

Masks are having a moment in Colorado, though safety accessory also brings risks

While no one is arguing that a handmade face covering will ever work as effectively as a medical-grade mask, an increasing number of infectious disease experts and politicians are arguing that some sort of barrier is better than nothing.




business and finance

Denver small businesses pitch in to pep up workers on the frontlines of COVID-19

A Denver event planner creates "Party For One Pep-Up Packs" with donations from area businesses to cheer up the city's essential workers during the COVID-19 outbreak.




business and finance

Most of Colorado’s neighbors don’t have stay-at-home orders. Here’s how that’s working out for them.

Gov. Jared Polis has recently made working with Colorado's neighboring states part of his strategy to emerge from the grip of the coronavirus contagion, mentioning cross-border collaboration more than once during his daily COVID-19 press briefings last week. But the governor has acknowledged that states surrounding Colorado "have different policies" with "different trajectories of the infection."




business and finance

“A crazy thing to witness”: Photographer captures viral images of Denver coronavirus protest

Alyson McClaran had no idea she'd end up capturing some of the most powerful moments of the Colorado protest: two people who appeared to be health care workers, dressed in aquamarine scrubs and medical-grade face masks, standing in a crosswalk silently obstructing the path of shouting, car-bound protesters.





business and finance

Trump signs $484 billion measure to aid employers, hospitals

President Donald Trump signed a $484 billion bill Friday to aid employers and hospitals under stress from the coronavirus pandemic that has killed more than 50,000 Americans and devastated broad swaths of the economy.




business and finance

Colorado Latinos grapple with increased risk of coronavirus infections

“We’re just really scared and there's no protections and there's no testing, and we’re just continually exposed.”




business and finance

State, King Soopers to offer free coronavirus tests at Denver’s Auraria campus

Colorado emergency officials and King Soopers pharmacy and nursing crews will offer free COVID-19 drive-thru testing for about 500 people on the Auraria campus in Denver this week.




business and finance

Businesses creak to life as Colorado’s stay-at-home order lifts

Glimmers of normal life twinkled ever so faintly in parts of Colorado on Monday as the state became one of the first in the country to lift its stay-at-home order.




business and finance

Clarien Bank Welcomes Sean Moran As SVP

Clarien Bank today announced the appointment of Sean Moran as Senior Vice President, Head of Business Development. With more than 20 years’ experience in the financial services industry in Bermuda, Asia and North America, Mr. Moran will be responsible for leading and coordinating Clarien’s business development and sales efforts, primarily for the Wealth Management and […]

(Click to read the full article)




business and finance

Hurricane Humberto: Butterfield Closures

Due to the approach of Hurricane Humberto, Butterfield Banking Centre will close at 11.30am tomorrow [Sept 18], and all other Butterfield departments will close at 12.00pm. A spokesperson said, “Due to the approach and potential impact of Hurricane Humberto, Butterfield Banking Centres in Bermuda will close at 11:30 a.m. tomorrow, Wednesday, 18 September 2019. All […]

(Click to read the full article)




business and finance

Clarien Bank Resumes Normal Operations Friday

Clarien Bank Limited will resume all business operations post Hurricane Humberto on Friday, September 20. The Hamilton and Paget Plaza locations will open at 8:30am per normal for in-branch services. Clarien Bank Limited CEO Ian Truran commented: “Our priority is always the safety of our clients and employees. We have completed a thorough assessment of […]

(Click to read the full article)




business and finance

Bank Of Butterfield Decreases Loan Rates

The Bank of Butterfield announced that, in step with the recent 25 basis point decrease in the US Federal Funds Rate, the Bank is decreasing its interest rates on personal loans and mortgages. “The base rate for Bermuda dollar residential mortgages and consumer loans will decrease by 0.25% to 5.25%,” a spokesperson said. “The rate decrease […]

(Click to read the full article)




business and finance

Bank of Bermuda Foundation: 3 New Directors

The Bank of Bermuda Foundation has announced the appointment of three new Directors to its Board, including Lisa Howie, Dr. Julie Dunstan, and Christa Schweizer. A spokesperson said, “Earlier this year the Foundation ran a series of advertisements looking for members of the community interested in volunteering their time and expertise towards the philanthropic work […]

(Click to read the full article)




business and finance

Bank Of Butterfield’s 2019 Graduate Trainees

The Bank of N.T. Butterfield & Son Limited has announced its 2019 Graduate Trainees, with Kenya Thompson, Arjah Rogers, Leitonya Edwards and Khaleb Tota joining the Bank’s two-year graduate trainee programme that will prepare them for professional careers in the financial services industry. A spokesperson said, “The Butterfield Graduate Trainee Programme offers Bermudian university or […]

(Click to read the full article)




business and finance

Butterfield Reports Third Quarter 2019 Results

The Bank of  Butterfield  announced financial results for the third quarter ended September 30, 2019. Net income for the third quarter was $42.4 million or $0.79 per diluted common share, compared to $38.6 million or $0.72 per common share for the previous quarter and $50.4 million, or $0.90 per common share in the third quarter of […]

(Click to read the full article)




business and finance

Butterfield Bank: October Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of October 2019, the Bank purchased for Treasury 150,000 Common Shares at an average price of $32.58 per share. Related Stories Butterfield Bank: March Share Repurchases Butterfield Bank: February Share Repurchases Butterfield Bank: January Share Repurchases […]

(Click to read the full article)




business and finance

HSBC’s Credit Card Alerts Offer Fraud Protection

HSBC is introducing credit card alerts to assist in protecting customers against fraud. A spokesperson said, “With over $5 billion in card related fraud losses being reported globally in 2019, every card holder should be aware of the importance of keeping their card data safe. “One of HSBC’s top priorities is to find ways to […]

(Click to read the full article)




business and finance

Butterfield Bank: November Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of November 2019, the Bank purchased for Treasury 383,600 Common Shares at an average price of $33.79 per share. Related Stories Butterfield Bank: March Share Repurchases Butterfield Bank: February Share Repurchases Butterfield Bank: January […]

(Click to read the full article)




business and finance

Butterfield $125M Share Repurchase Program

In a filing with the Bermuda Stock Exchange, The Bank of Butterfield announced that has approved a new $125 million ordinary share repurchase program. The filing stated: “The Bank of N.T. Butterfield & Son Limited [Butterfield] today announced that its Board of Directors has approved a new $125 million ordinary share repurchase program [Program] pursuant to […]

(Click to read the full article)




business and finance

Butterfield Bank: December Share Repurchases

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2019, the Bank purchased for Treasury 275,188 Common Shares at an average price of $36.09 per share. Related Stories Butterfield Bank: March Share Repurchases Butterfield Bank: February Share Repurchases Butterfield Bank: January Share Repurchases […]

(Click to read the full article)




business and finance

Butterfield Bank: January Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of January 2020, the Bank purchased for Treasury 252,000 Common Shares at an average price of $35.69 per share. Related Stories Butterfield Bank: March Share Repurchases Butterfield Bank: February Share Repurchases Butterfield Bank: December […]

(Click to read the full article)




business and finance

Butterfield 4th Quarter & Full Year 2019 Results

The Bank of Butterfield today announced financial results for the fourth quarter and year ended December 31, 2019. “Net income for the year ended December 31, 2019 was $177.1 million or $3.30 per diluted common share, compared to $195.2 million or $3.50 per diluted common share for the year ended December 31, 2018,” the company said. […]

(Click to read the full article)




business and finance

Bermuda Commercial Bank Sale Update

In a filing with the Bermuda Stock Exchange [BSX], Somers Limited [Somers] a financial services investment holding company, filed an update on the sale of Bermuda Commercial Bank. The full filing stated: “Somers Limited, a financial services investment holding company, is pleased to announce that further to the announcement on 5 February 2019 that Somers […]

(Click to read the full article)




business and finance

HSBC Bermuda Year End Financial Results

“HSBC Bermuda’s total operating income before expected credit losses remained flat compared to 2018 at US$281 million, with decreases in net interest income offset by higher net fee income, dealing profits, and gains on financial investments”, according to the HSBC Bermuda Year End 2019 Financial Results report. “The charge for the change in expected credit […]

(Click to read the full article)




business and finance

Butterfield Bank: February Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of February 2020, the Bank purchased for Treasury 403,000 Common Shares at an average price of $32.27 per share. Related Stories Butterfield Bank: March Share Repurchases Butterfield Bank: January Share Repurchases Butterfield Bank: December […]

(Click to read the full article)




business and finance

Butterfield Bank Decreasing Lending Rates

In the wake of the ongoing coronavirus pandemic, the Bank of N.T. Butterfield & Son Limited today [March 16] announced that it is decreasing interest rates on personal loans and mortgages. A spokesperson said, “As Bermuda continues to make preparations for the potential impact of COVID-19 locally, and following yesterday’s emergency 100 bps decrease in […]

(Click to read the full article)




business and finance

Covid-19: Clarien Bank Lowers Lending Rates

In response to the ongoing coronavirus pandemic, Clarien Bank says that it understand that its “continued operations and financial support are essential to the health of our society.” A spokesperson said, “Clarien appreciates the gravity of the coronavirus pandemic [Covid-19] and the impact it is having globally, as well as directly here on our community. […]

(Click to read the full article)




business and finance

Cannonier: “Applaud Steps From Local Banks”

“I am relieved to see the steps that both Clarien Bank and The Bank of N T Butterfield have taken to provide some economic relief to our community, during these unprecedented times,”  OBA Leader Craig Cannonier said. “We note that coronavirus relief legislation is being passed in every country. It is important that Bermuda offers to […]

(Click to read the full article)




business and finance

Clarien Bank Paget Branch To Close Today

In an effort to centralise its operations while also minimising the Covid-19 exposure, Clarien Bank announced that their Paget Branch will close today [March 19]. A spokesperson said, “As we all work collectively to keep our community safe, Clarien Bank is centralising our operations to minimise virus exposure and spread to our clients and employees. […]

(Click to read the full article)




business and finance

HSBC Bermuda Offer ‘Debt Relief Measures’

Customers can apply for interest-only payments and/or deferred payments for up to 3 months for loans and mortgages, customers may apply for a moratorium for their credit cards & Personal Line of Credit payments for up to 3 months, and credit card over limit and late fees will be waived for a 3 month period, […]

(Click to read the full article)




business and finance

Covid-19: Clarien Provides New Digital Platform

In an effort to mitigate the spread of the Covid-19 virus, Clarien has launched a digital client support portal, which received a significant number of submissions to date since launching earlier this week. A spokesperson said, “Clarien is pleased to report that the Covid-19 digital support portal has received a significant number of submissions to […]

(Click to read the full article)




business and finance

Covid-19: Butterfield To Reduce Banking Hours

The Bank of N.T. Butterfield & Son Limited today [March 23] announced that it will reduce its banking hours at all three Banking Centres in Bermuda during the Covid-19 period. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited today announced that it will reduce its banking hours at all three Banking Centres […]

(Click to read the full article)




business and finance

Clarien Offer Dedicated Hour For At Risk Clients

Clarien’ banking operating hours will be amended during the Covid-19 pandemic, and they will “dedicate the hour of 9am – 10am to serve at risk clients,” such as the elderly or anyone with depressed immunity or have an ailment that may make them more vulnerable to virus exposure. A spokesperson said, “Clarien announced that banking operating hours […]

(Click to read the full article)




business and finance

Clarien Defers Loan Payments For Three Months

Today Clarien announced that “payments will be automatically deferred for 3 months for all residential mortgages, personal loans and commercial loans less than $2,000,000 that meet basic qualifying criteria.” “In response to a broad and deep Covid-19 pandemic financial impact on the community Clarien is changing its approach to how it provides relief to clients […]

(Click to read the full article)




business and finance

Butterfield Bank Offer Special Seniors Hours

Beginning on Monday, March 30, Butterfield will provide limited banking services from Rosebank Centre on Bermudiana Road, and they will reserve two hours — from 9:00am to 11:00am — to serve seniors exclusively at that location. A spokesperson said, “Beginning on Monday, 30 March 2020, Butterfield will provide limited banking services from Rosebank Centre at […]

(Click to read the full article)




business and finance

Butterfield Bank: March Share Repurchases

In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of March 2020, the Bank purchased for Treasury 640,000 Common Shares at an average price of $21.64 per share. Related Stories Butterfield Bank: February Share Repurchases Butterfield Bank: January Share Repurchases Butterfield Bank: December […]

(Click to read the full article)