Credit Suisse Group AG is expected to pay around $500m after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money.

Credit Suisse has spent years fending off claims from Bidzina Ivanishvili, a former prime minister of Georgia. He sued the bank in Bermuda and Singapore for breach of trust, alleging he lost $800m on forged trades made by his Geneva-based private banker, Patrice Lescaudron. Ivanishvili sought $400m damages in Bermuda’s Supreme Court, where a five-week trial ended in December.

Credit Suisse flags potential $500m hit from legal claim in Bermuda

Margot Patrick 

Credit Suisse

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BlackRock’s plan to democratise private credit could backfire

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire

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Coinbase’s Profit Jumps on Crypto Investment Gains

The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

Wells Fargo to Name CEO Charlie Scharf Chairman

Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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