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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 (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.
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 ...
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 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 ...
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.
The final deal to purchase Credit Suisse for CHF 3 billion ($3.2 billion) was accepted by the board of Credit Suisse prior to the opening of Asian financial markets on Monday morning. The acquisition was an all-stock deal, with Credit Suisse shareholders receiving 1 UBS share per 22.48 Credit Suisse shares, equivalent to CHF 0.76 per share.
In January 2022, Lehmann succeeded António Horta-Osório as chairman of Credit Suisse after he resigned due to repeated breaches of COVID regulations. [4] In April 2023, Lehmann was re-elected as chair after he apologised to investors at the bank's final AGM. [5] Lehmann stepped down with the legal merger of Credit Suisse and UBS in June 2023.