client

It is the latest acquisition by the Wall Street firm to broaden its offerings to clients outside of traditional investing and furthers Chief Executive David Solomon’s goal of building up the bank’s asset-management division.

In this round, it isn’t Credit Suisse’s lending in question, but how it handled payments coming into a Credit Suisse client account from Mozambique’s Finance Ministry.

They tell clients in a note that data show ANZ is lagging its major bank peers on growth in mortgages, business lending and deposits.

The company is now losing hundreds of thousands of dollars in revenue each month as its clients go elsewhere.

“The criminal complaint made a lot of allegations that our client rammed them. There were all these reports that our client had an assault weapon or was a domestic terrorist,” he said.