Credit Suisse says struck security deal with "Flash Crash" suspect

April 22, 2015 5:08 PM

59 0

LONDON, April 22 (Reuters) - Credit Suisse UK entered into a security agreement with Nav Sarao Futures in 2010 that was a standard banking arrangement and not a mortgage, a Credit Suisse spokesman said on Wednesday.

Nav Sarao is accused of earning millions through fraud and helping cause a trillion dollar "flash crash" on U.S. stock markets.

Also read: EU Pursues Trade Talks With Australia in Wake of U.S. Tariffs

Read more

To category page