3 h. ago Swiss prosecutors file charges against Credit Suisse and UBS over ‘tuna bonds’ scandal

Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade agoBusiness live –latest updatesSwitzerland’s federal prosecutor has filed charges against the failed bank Credit Suisse and its new owner, UBS, over the long-running “tuna bonds” loan scandal that crashed Mozambique’s economy nearly a decade ago.The Swiss attorney general said on Monday that it had brought money-laundering charges against an unnamed employee of Credit Suisse, but was also taking action against the lender and its rival-turned-owner UBS. Continue reading...

Events

6 h. ago Swiss prosecutors file charges against Credit Suisse and UBS

Prosecutors alleged organisational ‘deficiencies’ relating to Mozambique ‘tuna bonds’ scandal

Events

2 w. ago Swiss investors push for UBS to settle over Credit Suisse bond write

A surprise court ruling that the move lacked a legal basis could lead to years of appeals and proceedings

Economics

2 w. ago District attorney in Utah declines to charge founder of anti

A district attorney based in Salt Lake City is declining to file charges against the founder of an anti-child-trafficking organization made famous by a 2023 movie

Politics

2 w. ago Idaho attorney general's office says no charges warranted against sheriff after turbulent town hall

The Idaho Attorney General’s Office has declined to file charges against a northern Idaho sheriff after investigating a turbulent legislative town hall meeting during which a woman was forcibly removed by security workers in plainclothes

Society

3 w. ago Brunaupark review – housing estate dwellers vs property developers in rousing but unequal battle

This heartfelt film bears witness to a defiant community, forms a vital piece of oral history and shows the resilience of those determined to stay onIn many cities across Europe, there is a familiar sight of longstanding housing estates being gutted to make way for more expensive builds. Felix Hergert and Dominik Zietlow’s heartfelt film focuses on one such complex, the vibrant Brunaupark in Zurich. Consisting of five residential tenements, the area is home to more than 400 tenants, who have created a close-knit multicultural community over the decades. Credit Suisse, whose pension fund owns the building, has other ideas. The people of Brunaupark are served with notices as proposals for partial demolition and new construction get under way.Going from door to door, this documentary forms a vital piece of oral history, bearing witness to the defiance and resilience of those determined to stay. Each story is filled with colourful memories: one restaurant owner, who has been forced to g...

Events

3 w. ago Swiss finance shrinks as regulators tighten grip on prized sector

Stricter post-Credit Suisse oversight sets nation on different path to US in particular

Politics