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Credit Suisse Mozambique Loans in Focus as Swiss Begin Probe

  • Proceedings were started in February, target ‘persons unknown’
  • The loans have triggered a crisis in the African country
Swiss Banks As Government Seeks Tougher Capital Rules for Domestic Banks
Photographer: Michele Limina/Bloomberg
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Switzerland has opened a probe related to $2 billion of loans to Mozambique that were organized by banks including Credit Suisse Group AG and VTB Bank PJSC, in a scandal that has already attracted the attention of prosecutors in the U.S.