Credit Suisse agrees to sell global trust business

Will Sidery, 06/09/2022

Credit Suisse has signed two agreements to sell its global trust business to Butterfield and Gasser Partner.

Credit Suisse has signed separate agreements with The Bank of N.T. Butterfield & Son Limited (Butterfield) and Gasser Partner Trust (Gasser Partner) for the sale of Credit Suisse’s global trust business (Credit Suisse Trust, CST), while CST entities will continue to operate with a limited number of clients.

Under sep...

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