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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.
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 ...
Tidjane Thiam (French: [tidʒan tiam]; [1] [2] born 29 July 1962) is an Ivorian and French businessman, and the executive chairman of Freedom Acquisition Corp. [3] He was the chief executive officer (CEO) of Swiss bank Credit Suisse from March 2015 to February 2020.
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]
Credit Suisse collapsed in March 2023 after a series of scandals and setbacks, and was taken over by UBS. UBS welcomed the ruling, noting that the case was a legacy matter relating to Credit Suisse.
In the past year, Ermotti made 14.4 million Swiss francs ($15.9 million), making him the best paid European bank boss as he navigated UBS through the Credit Suisse acquisition.
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.
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 ...