Credit Suisse Mozambique 'Tuna Bond' Settlement

Credit Suisse has reached an out-of-court settlement with Mozambique over the decade-old "tuna bond" scandal Read More

[{"selector":"#anim-304015c7-82f7-4e51-bb9a-700655130c11 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7652aac7-de5d-4669-bc85-17cdc0915313","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e6a9055-1cd9-4515-a1a0-e83c38585752","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3784335-5e4a-4475-8d83-dec2588edbd7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0c68b34c-41e3-4493-aec6-432a69dec203","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-548278a4-212e-46be-b3fa-d4bcb406cc54","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eca10c73-2b0e-42bc-bbc5-5550679cb700","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] UBS, the new owner of Credit Suisse, announced the settlement, putting an end to a damaging dispute Read More

[{"selector":"#anim-f4fd2220-0185-4d7b-851c-b138e90b3dab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f3505074-88c9-447c-ae62-e0c21ee4aa53","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c30bb85f-1276-4d6d-80a2-e9411bb440de","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-224033af-4b0c-436a-bfae-d73f28e5595f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-8bf21b8d-c7db-4ef5-9e36-6730781a1c9f","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6538f3a4-3d0f-4700-b8e3-3941d96aef98","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5bbcc96e-2bbe-40a7-8526-dd2c08672041","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The settlement involves both parties releasing each other from liabilities and claims related to the transactions Read More

[{"selector":"#anim-1fa1bc1d-04b7-4713-9f9c-ab2501a1c971 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2ff1dcdf-2622-45b7-9234-597852c8b1d9","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-805e4cc9-939d-4569-9ae3-93a7f9ba2950","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5ca9b05-12d8-45f4-bdf5-5cb785aea23a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-c44c7ae4-236b-4681-9768-f06eb588d3bd","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9812d4fb-7024-4dbc-8411-977220474603","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c4acf99-abb8-4623-b829-caf2d441808f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The exact details of the settlement were not disclosed in the statement released by UBS Read More

[{"selector":"#anim-34ee71e3-1d9c-46dc-a428-da36f41f8d5a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b6682ac8-82d9-45cd-a389-6c51f8e96675","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d04deff0-4f2b-4866-93fd-afb582ac646f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3c977036-191f-4870-94c0-63e4517dfcec","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-35c6bc43-878f-449a-a470-8d51d0b7efdb","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-642e5cf3-8af5-4cb9-aa58-89a16e3cd8b9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ec02db8-caca-4c6a-a49d-828f29857c1d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] As part of the agreement, UBS will forgive a portion of a loan made by Credit Suisse to Mozambique in 2013, which is reportedly less than $100 million Read More

[{"selector":"#anim-9ad75595-8163-407c-9479-c59edc37a92d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d3b2357f-ceb3-4a5a-9c43-c76ba1f8b773","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22a12019-a091-45d2-96ea-97241249ef8b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04ec9f85-f08b-4ab6-9b01-1e3818b6d86f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-e89a7df1-23dd-456c-a0ca-ff021064b7a8","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c9a78bb9-ca72-413f-9170-8aa6448eaaab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce6681a2-ba3a-40e3-a7f5-4d8b12b15436","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The dispute centers around deals between Mozambican state-owned companies and shipbuilder Privinvest, funded in part by loans and bonds from Credit Suisse Read More

[{"selector":"#anim-919392d0-44a7-44eb-b0d0-f2d2681f07c2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-23ebd259-9f9d-482c-acfb-8cb37ea7f795","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-524f4c2b-29df-41a8-a131-b1c4868322e2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79a95d3c-6faf-4afa-817d-f7fa3d3e0a6d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0398c057-a8d7-4955-8a7a-c2f179cf564e","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7701f524-db22-4a9f-9ad4-25cafc97ac05","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f824b025-bfa2-4092-ba95-53146288d1a7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The funds were intended for the development of the fishing industry and maritime security but went missing, leading to a government debt crisis in 2016 Read More

[{"selector":"#anim-1867f897-5701-4ec4-8946-ba386cbbc1a3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f7337229-4ae7-4cbc-8014-5a7e51b060e5","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80e6b9e5-1446-4603-86f0-5ecbcce393fb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-788377e5-60cf-460c-b306-c4a72a7aa496","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-65995c4c-6ef9-44cf-b59a-6407ae700c04","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d9e3593-71e5-4264-9ead-bff277aa3ec7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1de3e711-890f-486e-b1a1-250f1e40abef","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The settlement also includes most of the creditors involved in funding a 2013 loan to ProIndicus, a state-owned Mozambican company Read More

[{"selector":"#anim-798e5554-d58c-4415-93fd-4beb79b2e067 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9b840f30-2744-4ee6-8fff-41132ba4a36f","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d89c282a-e3f5-4ef5-9cbe-ae530fbec047","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44a723f9-3ddf-4e00-9558-844663a0db7b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-25fd26a6-ebf1-4dff-b843-5c7a1245bb7e","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92d25b37-6521-4432-89c9-cf535575ca85","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-de8317d5-df0e-4272-a2d7-ddb536f8ffae","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] UBS, having acquired Credit Suisse, is committed to resolving its legacy legal disputes Read More

[{"selector":"#anim-d320474e-1cdc-44de-84b5-b36dc0e42af7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.69604164793801%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-575be288-f725-4abd-b4d8-a417279c29a6","keyframes":{"transform":["translate3d(-110.26393%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ddf42b1-1531-4b8a-953e-c8be2a4c87af","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c1d902e-a322-4efe-9c20-3927ec5c2f61","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-6f8693ec-e4d3-4312-955e-b71a0ec4c8c2","keyframes":{"transform":["translate3d(119.33333%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-72b6330b-4133-4166-84d9-4ecb619d54cd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd1f6cd0-8d5c-4ecb-a682-4c9dece00224","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The settlement leaves French shipping mogul Iskandar Safa and Privinvest as key remaining defendants in legal battles over the funding and maritime deals, with allegations of bribery and corruption Read More