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Credit Suisse sells its global trust business

vwdhfgeyug by vwdhfgeyug
September 6, 2022
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Credit Suisse sells its global trust business
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A brand is pictured on the Credit score Suisse financial institution in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Picture

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ZURICH, Sept 6 (Reuters) – Credit score Suisse Group (CSGN.S) has agreed to promote its international belief enterprise to The Financial institution of N.T. Butterfield & Son Restricted (NTB.N) and Gasser Companion Belief, the events mentioned in a joint statement on Tuesday that gave no monetary particulars.

Underneath separate agreements, Butterfield will purchase Credit score Suisse Belief’s companies primarily based in Guernsey, Singapore and the Bahamas, whereas Gasser Companion will purchase CST’s Liechtenstein enterprise, they mentioned. The offers are set to shut within the first half of 2023.

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