ZURICH (Reuters) – Credit Suisse Group said on Wednesday that a court in Bermuda was poised to rule against a local life insurance subsidiary of the Swiss bank that could potentially total more than $500 million.
The bank had previously taken reserves for the matter and intends to pursue all available legal actions, it said in a statement, adding it would consider whether any further reserves were required as part of first-quarter results.
(Reporting by Michael Shields; Editing by Chris Reese)
