Judge Asks Who’s to Blame If Credit Suisse Banker ‘Goes Rogue’
- Five-week trial of bank’s Bermuda insurance unit ends Friday
- Billionaire accuses CS Life of losing hundreds of millions
The Credit Suisse Group AG headquarters in Zurich, Switzerland
Photographer: Thi My Lien Nguyen/BloombergThis article is for subscribers only.
As the five-week trial of a Credit Suisse Group AG life insurance unit began to wind down Thursday afternoon, the presiding judge cut to the chase.
Lawyers for Credit Suisse Life (Bermuda) Ltd. had spent weeks fending off allegations from Georgian billionaire Bidzina Ivanishvili that the unit bears responsibility for failing to prevent convicted fraudster Patrice Lescaudron from losing $400 million of the $755 million he’d invested with the unit.