C Suisse staff said referred to clients as 'nutcase' and 'muppet'

Muppets Stroll By

Here we go again.

A banker who worked at Credit Suisse referred to a client whom the bank was advising on the sale of a stake in an oil field as a 'nutcase', according to a London judge’s ruling in a lawsuit that the bank won.

Bloomberg News reports that the comment was made about Georgian diplomat-turned-oil-trader Zaur Leshkasheli, according to U.K. High Court Judge Peter Smith’s ruling in the case on Friday.

Another Credit Suisse banker called a consultant advising Leshkasheli, Joel Steinhart of Granite Management Ltd., a 'muppet' in 2007, according to Smith’s ruling.

'The bank’s attitude to Dr L does not reflect well on to the bank', Smith wrote in his ruling. 'The bank’s attitude to people did not stop of course with Dr L.', he said. '(Another banker) wrote to Mr. Mahoney on 15th August 2007 describing Mr. Steinhart as a ‘muppet.’'

To access the complete Bloomberg News article hit the link below:

Credit Suisse Called Client ‘Nutcase’ and Adviser a ‘Muppet’

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