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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.
On April 27, 2022, Hwang was indicted and arrested on federal charges of fraud and racketeering. [5] On March 26, 2021, Archegos defaulted on margin calls from several global investment banks, including Credit Suisse and Nomura Holdings, [6] [7] as well as Goldman Sachs and Morgan Stanley.
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 ...
Tidjane Thiam has quit as Credit Suisse chief executive after a spying scandal that has hit the reputation of one of Europe's largest banks and shocked Switzerland's financial community. Thomas ...
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.
Due to a certified high risk of heart attack, Thomas Gottstein decided to step down as Group CEO in July 2022. In July 2022, Gottstein resigned from his position and was replaced by Ulrich Körner. [5] Gottstein was a board member of FINMA, SIX Swiss Exchange, and the Zurich Opera House. [6] Gottstein is married and has two sons. [7]
He then became head of technology and services in 2000, before assuming the role of CFO at Credit Suisse in 2002. In to this role, he was appointed chief operating officer (COO) in 2004. In 2006, he became chief executive officer of Credit Suisse Switzerland. Körner was a member of the executive board at Credit Suisse until he moved to UBS. [4]