UBS settles with Mozambique in Credit Suisse ‘tuna bond’ case

Credit Suisse And Mozambique Settle The 'Tuna Bond' Out Of Court

(CTN News) – It was announced on Sunday that Credit Suisse had reached an out-of-court settlement with Mozambique over the decade-old $1.5 billion-plus “tuna bond” scandal, the Swiss bank’s new owner UBS (UBSG.S) said. The settlement marks the end of the damaging dispute the new owner inherited from Credit Suisse. According to a statement issued […]

print: Credit Suisse, Mozambique secure out-of-court ‘tuna bond’ settlement

UBS will forgive part of a loan that Credit Suisse made to Mozambique in 2013

Mozambique, Credit Suisse settle 'tuna bonds' row

The out-of-court settlement was reached just a day before a trial was set to start in London. Maputo was suing the Swiss bank over alleged bribery and fraud.

UBS settles with Mozambique in Credit Suisse ‘tuna bond’ case

Country had been suing the bank and others for their part in a 2013 loans scandal that wrecked its finances

UBS Reaches Settlement With Mozambique Over Tuna-Bonds

UBS Group AG reached a settlement with Mozambique over Credit Suisse’s role in a ship-financing scandal, resolving the case between the two on the eve of a London trial.

Credit Suisse, Mozambique reach out-of-court ‘tuna bond’ settlement

ZURICH (Reuters) - Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the $1.5 billion-plus "tuna bond" scandal, the Swiss bank's new owner UBS said on Sunday, drawing a line under a damaging dispute it inherited. (Reporting by Noele Illien)