Page 3 - Budget Monitoring Forum News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Budget monitoring forum. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Budget Monitoring Forum Today - Breaking & Trending Today

Mozambique wants $2 bln debt relief from 'guilty' Credit Suisse

A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off. Credit Suisse s admission of responsibility, failure to comply with the law (.) and involvement of employees in bribery underscores the legitimacy of FMO s demand for full cancellation of the illegal debt,” said the Budget Monitoring Forum (FMO), a coalition of civil society groups working on public finance accountability. The statement was made in response to a settlement reached by the Swiss bank with regulators in several countries over a corruption in Mozambique, Keystone-SDA news agency reported Thursday. There was no immediate comment from Credit Suisse. On Tuesday, under a settlement reached by US and UK authorities, Credit Suisse agreed to forgive $200 million in debt owed to the African nation. The charges related to the almost $1 billion in bond offerings and a syndica ....

United Kingdom , Budget Monitoring Forum , Credit Suisse , Swiss Financial Market Supervisory Authority , Latest News , Debt Market , Government Debt , Corrupt Practices , Credit And Debt , Law Enforcement , Law And Order ,

Mozambique wants $2 bln debt relief from 'guilty' Credit Suisse

A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off. Credit Suisse s admission of responsibility, failure to comply with the law (.) and involvement of employees in bribery underscores the legitimacy of FMO s demand for full cancellation of the illegal debt,” said the Budget Monitoring Forum (FMO), a coalition of civil society groups working on public finance accountability. The statement was made in response to a settlement reached by the Swiss bank with regulators in several countries over a corruption in Mozambique, Keystone-SDA news agency reported Thursday. There was no immediate comment from Credit Suisse. On Tuesday, under a settlement reached by US and UK authorities, Credit Suisse agreed to forgive $200 million in debt owed to the African nation. The charges related to the almost $1 billion in bond offerings and a syndica ....

United Kingdom , Budget Monitoring Forum , Credit Suisse , Swiss Financial Market Supervisory Authority , Latest News , Debt Market , Government Debt , Corrupt Practices , Credit And Debt , Law Enforcement , Law And Order ,