Credit Suisse Ordered to Pay $926M to Former Georgia Prime Minister

Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect his money in a trust pilfered by a manager, a Singapore court ruled.
Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili safe, according to the court.
The compensation related to money lost due to bad investment decisions rather than just fraud, and the bank is also appealing against another judgment related to its management of Ivanishvili's assets.
The ruling was made by Singapore's International Commercial Court and represents one of the biggest legal awards made against the bank.
Credit Suisse is being taken over by UBS and said it would appeal the decision.