Ex-Credit Suisse trader arrested

City A.M. Reporter
FORMER senior Credit Suisse trader Kareem Serageldin was arrested in London yesterday in a fraud case tied to subprime mortgages, marking a win for US prosecutors who have been awaiting his return to the US since charging him early this year.

Serageldin, 39, was the most senior banker charged in a scandal dating back to 2007.

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