UBS is close to settling a claim brought by Mozambique against Credit Suisse, resolving one of the legal headaches it inherited through the takeover of its Swiss banking rival.
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https://www.wsj.com/finance/ubs-poised-to-settle-mozambiques-tuna-bonds-lawsuit-against-credit-suisse-a9ce24b8ShareThe settlement, which could come as soon as Thursday, isn’t expected to require UBS to hand over any cash.is close to settling a claim brought by Mozambique against Credit Suisse, people familiar with the matter said, a move that would resolve one of the many legal headaches it inherited through the rushed rescue of its Swiss banking rival earlier this year.
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