(Bloomberg) — A unit of defunct lender Credit Suisse will seek to overturn an order to pay $743 million to a billionaire client over the actions of a notorious rogue banker at Singapore’s top court on Monday. The sum was awarded after a lower court earlier ruled that the bank’s trust had failed to safeguard…
(Bloomberg) — A lawyer for a Credit Suisse trust seeking to overturn the $743 million in damages the bank owes to Georgian billionaire Bidzina Ivanishvili said the staff responsible did their “incompetent best.” In a surprise concession to the challenge the Swiss bank faces in its appeal over its mishandling of rogue banker Patrice Lescaudron,…