Select a region
It's understood that a number of people have lost their jobs at Butterfield Bank after the Group undertook a restructuring exercise.
A spokesperson for Butterfield has released the following statement:
“Butterfield regularly evaluates its operations, capital levels and efficiency according to market conditions and business needs.
"Regrettably, some roles across the business have been impacted as part of a Group restructure to position ourselves for the future.
"Our commitment to serving clients in the Channel Islands remains unchanged, including our ongoing expansion into additional financial products for local residents and our previously announced acquisition of selected Credit Suisse trust assets in Guernsey.”
Express asked how many job losses there have been in Guernsey, but Butterfield chose not to answer.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.