Credit Suisse former CDO head Serageldin is arrested, reports FT
The Financial Times reports that Credit Suisse’s former synthetic CDO head Kareem Serageldin has been arrested in London
I find it odd that it has taken 4.5 years to start proceedings in a $2bn+ case. For a while, it appeared that he was going to get off "scot free".
The FT article includes the allegation that CS traders ignored the ABX index while valuing RMBS bonds in 2008. This could make a good rule for Valuation Committees: don't ignore the ABX.
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Comment by: Anonymous. Posted 11 years ago [2012-10-03 18:32:34]