The latest announcement is out from Bank of NT Butterfield & Son ( (NTB) ).
The Bank of N.T. Butterfield & Son Limited has released its Pillar 3 disclosures for the six-month period ending December 31, 2024. These disclosures are part of the Basel III regulatory framework, which aims to improve market discipline by providing key information on the bank’s risk exposure and management processes. The bank is required to maintain specific capital ratios and is subject to additional surcharges due to its designation as a Domestic Systemically Important Bank (D-SIB) by the BMA. The report highlights the bank’s compliance with these requirements and provides insights into its risk management strategies.
More about Bank of NT Butterfield & Son
The Bank of N.T. Butterfield & Son Limited operates in the financial services industry, focusing on banking, asset management, and trust services. It has a significant presence in Bermuda, the Cayman Islands, and the Channel Islands, and is regulated by the Bermuda Monetary Authority (BMA). The bank is subject to Basel III regulatory capital requirements, which are designed to enhance the quality and transparency of the capital base and manage systemic risk.
YTD Price Performance: 7.78%
Average Trading Volume: 188,788
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.83B
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