Credit Suisse ordered to pay $926 million in Georgia prime minister case

Credit Suisse has been ordered to pay $926 million in compensation after a Singapore court said the bank had breached its duty to safeguard the assets of a former prime minister of Georgia.

"The plaintiffs have established that the defendant breached its duty to the plaintiffs to safeguard the trust assets as at 30 March 2008," the Singapore International Commercial Court said in a judgment published on Friday.