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

Credit Suisse has reached an out-of-court settlement with Mozambique over the $1.5 billion-plus "tuna bond" scandal.

The logo of Credit Suisse

Credit: Reuters Photo

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.