UBS Resolves 'Tuna Bond' Dispute with Mozambique

UBS has reached a settlement with Mozambique in the "tuna bond" case, which involved allegations of corruption and fraud related to loans made to state-owned companies. The settlement comes after Credit Suisse agreed to pay $47 million to Mozambique earlier this year. The "tuna bond" scandal has highlighted the risks associated with investing in emerging markets and has led to increased scrutiny of banks' involvement in such deals.