Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares (NTB) Social Stream

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$NTB New Press Release:

Butterfield Reaches Resolution With US Department of Justice

The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced that it has reached a resolution with the United States Department of Justice concerning the inquiry into Butterfield’s legacy business with US clients reported in November 2013. The resolution is in the form of a non-prosecution agreement ("NPA") with a three-year term. The financial payments totaling $5.6 million in respect of Forfeiture and Tax Restitution Amounts are in line with the existing (...)

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