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Credit Suisse executives had expressed frustration at a top-performing manager’s multiple compliance breaches, it was revealed in Bermuda’s Supreme Court. Sascha Keusch, head of insurance management at Credit Suisse, was testifying remotely on Friday...

The Credit Suisse Group had discovered that a now-disgraced relationship manager, whose high-net-worth clients included the former Prime Minister of Georgia, had been engaged in compliance violations that resulted in the bank repeatedly taking discip...

At least some share purchases generated kickbacks for a Europe-based Credit Suisse relationship manager, who used a Bermuda subsidiary to facilitate unauthorised acquisitions for a billionaire client’s account, a Bermuda court heard yesterday. The re...

Clarien Bank’s 15th Annual Holiday Giveback Campaign is setting a goal to raise $15,000 to support Meals on Wheels. Bank employees, customers and the community are being encouraged to help the charity that delivers hundreds of meals to homes on the i...

Week two begins today in the Supreme Court case where a former prime minister of Georgia is alleging that a Credit Suisse Bermuda unit bears responsibility in how $400 million of his money went missing. Bidzina Ivanishvili concluded on Friday his thi...

Some Clarien Bank customers were taken by surprise at new charges that came into effect this month – including a fee for using the teller service at the bank. Separately, as of today, the bank is also requiring SafeKey verification and a valid ID for...

Bidzina Ivanishvili, the billionaire and former prime minister of Georgia, gifted $1 million to rogue Credit Suisse banker Patrice Lescaudron — a man who defrauded his clients for a decade and later was imprisoned for his crimes. The disclosure was m...

(BLOOMBERG) – Credit Suisse Group AG lost a court fight in Bermuda to keep the lid on confidential reports about a deceased rogue-banker convicted of defrauding his rich clients including a billionaire former Georgian prime minister. The Bermuda Supr...

Butterfield has promoted Shawnette Griffin to the new role of senior vice-president, head of retail banking and operations, Bermuda. The bank said Ms Griffin has worked with Butterfield for more than 30 years. She started her career as a trust admini...

Clarien has launched a bank account application process that the company says takes just 15 minutes and is completed entirely online. It said that the technological innovation is a first for the Bermuda market and is “aligned with Clarien’s vision of...

Butterfield’s banking centres in Hamilton, Somerset and St George have returned to regular operating hours — weekdays 9am until 4pm The bank said that more staff will be present to assist clients, enabled by the island’s steadily improving Covid-19 s...

A charity set up in the name of Olympic triathlon champion Flora Duffy to sponsor budding sports stars has been given $10,000 by a bank. The cash was donated to the Flora Fund by Clarien Bank. Ms Duffy said: “Looking back, as I cannot help but do thi...