Ex-Credit Suisse Risk Head Warner Slapped with Fine Amid Mozambique Loan Scandal

In a major development stemming from the controversial Mozambique loan saga, former Credit Suisse risk management head, Andrew Warner, has been penalized with a significant financial fine. This decision is part of a broader regulatory inquiry into the bank's involvement in a series of $2 billion loans that were secured by the government of Mozambique. The loans, which were supposed to bolster the country's infrastructure, have faced severe scrutiny due to alleged mismanagement and corruption.

Continue reading