Credit Suisse Nears Deal With U.S. Over Mozambique Scandal
- Deferred prosecution agreement would cover 2013-14 bond deals
- Agreement may include a fine: people familiar with the matter
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Credit Suisse Group AG is nearing an agreement with the U.S. government that would resolve a criminal probe regarding its role in a $2 billion Mozambique bond scandal, according to people familiar with the matter.
The discussions with the U.S. Justice Department involve a deferred prosecution agreement that would include a fine, according to the people, who asked not to be identified because the talks are confidential. An agreement is expected to be announced Tuesday.