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

FILE PHOTO: The logo of Credit Suisse is seen outside its office building in Hong Kong
April 26, 2024
Reuters - Reuters

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)

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