December 6, 2021 6:50 pm

Credit Suisse faces penalties over Mozambique loan deals

ZURICH (AP) — Credit Suisse has announced settlements with British, Swiss and U.S. authorities in connection with loans provided to state companies in Mozambique, with the Swiss financial markets authority setting new restrictions on the top-drawer bank and saying it “seriously violated” anti-money-laundering requirements in the case.The Zurich-based bank said it expects to take a…

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