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Kareem Serageldin (/ ˈ s ɛr ə ɡ ɛ l d ɪ n /) (born in 1973) is a former executive at Credit Suisse. He is notable for being the only banker in the United States to be sentenced to jail time as a result of the financial crisis of 2007–2008 , a conviction resulting from mismarking bond prices to hide losses.
The stocks were reportedly tied to the total return swaps held by Archegos. This sale was reported to be the cause of a 27% plunge in share price of ViacomCBS and a similar fall in the price of Discovery, Inc. [7] [9] On March 29, the share price of Credit Suisse was down by 14%, while Nomura Holdings shares declined by 16%. [6]
In April 2021, The Wall Street Journal reported that Hwang had lost US$20 billion over 10 days in late March, imposing large losses on his bankers Nomura and Credit Suisse. [5] On April 27, 2022, he was indicted on federal charges of fraud and racketeering. [2] The default of Archegos contributed to the eventual collapse of Credit Suisse. [6]
Gottstein, now the head of Credit Suisse's Swiss business, was appointed CEO on Friday after a damaging spying scandal forced out Thiam. The departure, scheduled for Feb. 14, ends a conflict ...
Credit Suisse's 2022 stress test results are a mixed bag. Firstly, the bank's Tier 1 Capital is well covered, meaning its equity capital investments are running efficiently.
Credit Suisse, one of the Triangle’s largest private employers, was acquired in an emergency takeover last year by fellow Swiss Bank, UBS. ... 24/7 Help. For premium support please call: 800-290 ...
Thomas P. Gottstein (born 1964) is a Swiss former banker. He was a member of the group executive board of Credit Suisse from October 2015 to July 2022. From February 2020 to July 2022, he was chairman of the executive board (group CEO) of Credit Suisse.
Credit Suisse will get a ton of attention by UBS' new CEO. Credit Suisse will get a ton of attention by UBS' new CEO. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...