The sale Butterfield Bank Barbados Limited, a subsidiary of Bank of NT Butterfield and Son Limited to Trinidad bank First Citizens was part of a strategy by the Bermuda-based Bank to shift its capital to initiatives and businesses that offered potential for greater shareholder return.
This was revealed by Butterfield's chairman and CEO Brendan McDonagh, who discussed the strategic move in a recent press release on Butterfield’s third quarter performance.
The release revealed that
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