Ex-Credit Suisse exec faces charges for inflating mortgage values

A former Credit Suisse Group AG executive is facing charges after being accused of inflating the value of mortgages linked to bonds backed by home loans to cover losses after the subprime market fell apart, according to the BBC.

The news agency says Kareem Serageldin, the former leader of Credit Suisse’s Structured Credit Group was arrested and is schedule to appear in front of a court in the U.K.

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