Credit Suisse appeals $743m order to pay billionaire client due to rogue banker's actions.
Credit Suisse will seek to overturn a $743 million order to pay a billionaire client over the actions of a notorious rogue banker at Singapore's top court. The sum was awarded after a lower court ruled that the bank's trust had failed to safeguard Bidzina Ivanishvili's assets. The case centers around private banker Patrice Lescaudron, who was convicted in 2018 for running a fraudulent scheme.
April 08, 2024
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