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Credit Suisse Nears Deal With U.S. Over Mozambique Scandal (2)

Oct. 19, 2021, 7:40 AM

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.

Any deal with U.S. prosecutors would be the latest action in a multi-year, international legal saga arising out of the 2013-14 deals that were supposed ...

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