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Credit Suisse reaches last-minute settlement with Mozambique in ‘tuna bonds’ case

'The parties have mutually released each other from any liabilities and claims relating to the transactions,' said the Swiss bank's owner, UBS, in a statement

By Undercurrent News | Oct. 3, 2023 09:33 BST
Credit: Credit Suisse
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Credit Suisse has reached a last-minute out-of-court settlement with Mozambique over the decade-old $1.5 billion-plus "tuna bond" scandal, the Swiss bank's new owner UBS said on Oct. 1, reports Reuters. [...]

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