Ex-Credit Suisse Banker Arrested in U.K.

U.K. authorities arrested a former Credit Suisse Group AG investment banker on Wednesday related to U.S. allegations that he and others at the Swiss bank conspired to inflate the values of mortgage bonds during the financial crisis, the WSJ reports

Kareem Serageldin, the former global head of the Swiss bank's Structured Credit Trading business, was taken into custody by the Metropolitan Police in London outside the U.S. Embassy on Wednesday, according to a person familiar with  the issues.

According to the report, Serageldin's arrest is related to allegations put forth in the U.S. back in February alleging that Kareem and others former traders at the Swiss bank conspired to overstate the prices on subprime bonds during the financial crisis….

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