Mozambique: Credit Suisse and its Backers Pay the Price for Secret Debt and Other Frauds ...Middle East

[Mozambique News Reports And Clippings] From 2012 Credit Suisse (CS) bribed senior Mozambicans to take a totally useless $2bn loan, which helped to save the bank - one of the very big global banks and supposedly respectable because it was regulated by Switzerland. The chart below shows the share price (in Swiss francs). The falling share price in 2012 shows the bank was in trouble and pressure was on staff to lend money, and it was clear that no one would ask how it was done. And it worked - the share price rose significantly after the Mozambiqu

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