SINGAPORE: Credit Suisse Group AG lost a bid to dismiss a suit by a former private wealth client who is accusing the banks unit of failing to explain the risks of a complex investment product. Credit Suisse called the complaint frivolous because the Singapore resident is pursuing it in his personal capacity when it was his company that had the banking relationship, according to court papers. Singapore High Court Assistant Registrar Paul Chan rejected Credit Suisses request for the case to be thrown out on that basis and ordered the bank to present a defence by September 11 unless it appeals, according to an order filed on Monday. Bloomberg
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