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Bank of Butterfield takes on dubious business

Butterfield Securities Ltd., a subsidiary of the Bermuda-based Bank of N. T. Butterfield & Son, has replaced London firm Teather & Greenwold as the stock-broking advisors to Mackie International, the Belfast-based textile engineering company, following Mackie’s decision to suspend its shares in April when the company said it may have to restate its accounts, reported the Financial Times.