Credit Suisse

The Swiss Federal Court ruled that the removal of bonuses for Credit Suisse’s top executives, following the bank’s takeover by UBS, was legally justified.

A Swiss court has dismissed proceedings against Lara Warner, a former Credit Suisse manager, in connection with the Mozambique tuna bond scandal. The scandal involved transactions between state-owned Mozambican companies and shipbuilder Privinvest over a decade ago. The dismissal also means that financial penalties are no longer applicable.