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Credit Suisse

Credit Suisse

Credit Suisse Group is a leading financial services company, advising clients in all aspects of finance, across the globe and around the clock.

Credit Suisse Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the eight global "Bulge Bracket" banks providing services in investment banking, private banking, asset management, and shared services. Credit Suisse is known for its strict bank-client confidentiality and banking secrecy practices.



Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Boston in 1978. After a large failed loan put First Boston under financial stress, Credit Suisse bought a controlling share of the bank in 1988. From 1990 to 2000, the company made a series of acquisitions dramatically increasing their market share via the purchases of Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI) and Bank Leu, among others.



The company restructured itself in 2002, 2004 and 2006. It was one of the least affected banks during the global financial crisis, but afterwards began shrinking its investment business, executing layoffs and cutting costs. The bank was at the center of multiple international investigation for tax avoidance which culminated in a guilty plea and the forfeiture of US$2.6 billion in fines from 2008 to 2012. In 2017, Credit Suisse had CHF 1.376 trillion of assets under management, an increase of 9.9% from 2016.

Timeline

June 25, 2019

Credit Suisse combines Credit InvestLab with Allfunds Group.

2017

In 2017, Credit Suisse had CHF 1.376 trillion of assets under management, an increase of 9.9% from 2016.

2008

The bank was at the center of multiple international investigation for tax avoidance which culminated in a guilty plea and the forfeiture of US$2.6 billion in fines from 2008 to 2012.

People

Name
Role
LinkedIn

Adam Hochfelder

Investor



Alejandra M. Salaverria

Founder



Alek Yoo

Investor



Anna Sembos

Investor



Anton

Advisor



Bruce Miller

Investor



Chong(Christina) Guo

Founder



Cristobal Cuart

Investor



Gaurav Kumar

Advisor



Jan Uetz Ayacaba Ondo

Advisor



Josh Goodbody

Attorney



Lisa Zevi

Advisor



Maris Kocins

Advisor



Paras Shah (PMP®, ITIL®)

Investor



Peter Cummings (MIoD)

Advisor



Samiul Sony

Advisor



ziv livnat

Investor



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News

Title
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Date
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January 23, 2020
The Economic Times
Cipla said it has received observations from the USFDA for its Goa manufacturing facility.
Reuters Editorial
January 22, 2020
IN
Credit Suisse had a good fourth quarter despite a spying scandal over covert surveillance of senior executives, Chief Executive Tidjane Thiam said on Wednesday.
John Revill
January 14, 2020
IN
Five years after Switzerland's central bank upended global currency markets by scrapping the Swiss franc's peg to the euro, it is under widening pressure to adjust its ultra-loose monetary policy.
Brenna Hughes Neghaiwi
December 23, 2019
U.S.
Credit Suisse and law firm Homburger will continue their investigation into employee observation at the bank, a spokesman said, after the bank on Monday confirmed a second former executive was tailed. [nL8N28X0TX]
Brenna Hughes Neghaiwi
December 23, 2019
U.S.
Credit Suisse on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee had the Swiss bank's then-head of human resources followed in February and covered it up.
Brenna Hughes Neghaiwi
December 22, 2019
U.S.
A second probe into staff surveillance at Credit Suisse is set to clear Chief Executive Tidjane Thiam, Swiss newspaper SonntagsZeitung reported on Sunday.
Brenna Hughes Neghaiwi
December 20, 2019
IN
Switzerland's bank watchdog is stepping up an inquiry into staff surveillance at Credit Suisse , it said on Friday, as pressure mounts on the bank to explain a second alleged instance of an executive being tailed.
Reuters Editorial
December 17, 2019
U.S.
Another senior Credit Suisse executive was followed over three days in February, the Neue Zuercher Zeitung reported, suggesting the shadowing of former wealth management boss Iqbal Khan was not an isolated incident as the Swiss bank has said.
Brenna Hughes Neghaiwi
December 11, 2019
IN
Credit Suisse cut a key profitability target for this year and next as a drop in dealmaking, negative interest rates and uncertainty caused by global trade tensions dimmed the outlook.
December 5, 2019
cnbctv18.com
Indian shares are set for a cautious start on Thursday ahead of the Reserve Bank of India's monetary policy decision later in the day. Among brokerages, CLSA is bullish on RIL and Credit Suisse on Bharti Airtel after the companies announced tariff hikes, however, Jefferies has an 'underperform' rating on Vodafone Idea. Here are the top brokerage calls for Thursday:Get latest Business online at cnbctv18.com
Swati Verma
November 29, 2019
@bsindia
Read more about Likely fall in Q2 GDP, profit booking: 5 factors that dragged markets lower on Business Standard. Reliance Industries (RIL), which to hit the market capitalisation of Rs 10 trillion-mark on Thursday, was down around 2 per cent in the session.
November 28, 2019
The Economic Times
Credit Suisse expects the growth slump to last longer than anticipated.
SI Reporter
November 28, 2019
@bsindia
Read more about Stocks to watch: ZEE Entertainment, SBI, Tata Motors, Parag Milk Foods, BSE on Business Standard. Here's a list of stocks that may remain in focus in today's session.
November 26, 2019
The Economic Times
This year, the QIPs on an average has been of a significantly higher size.
Press Trust of India
November 24, 2019
@bsindia
Read more about Zolostays in talks with Credit Suisse for around Rs 710 crore funding on Business Standard. In January this year, Zolostays had raised $30 million in Series B funding round led by IDFC Alternatives, Mirae Asset and Nexus Venture Partners.
Daniel Strauss
November 21, 2019
markets.businessinsider.com
Credit Suisse says investors should buy Virgin Galactic because of its 'near-term monopoly' in commercial space tourism
Carmen Reinicke
November 14, 2019
markets.businessinsider.com
Tesla could shed more than 40% if it's overtaken as the leader in electronic vehicles, Credit Suisse says (TSLA)
November 12, 2019
The Economic Times
In Q2 loan growth in India has dropped to demonetisation lows of 6% , as NBFC lending has pulled back.
November 11, 2019
WebWire
James L. Amine has decided to step down from his role of CEO of IBCM and from the Group Executive Board, after leading that activity successfully for more than ten years in order to take on a newly created role as head of Private Credit Opportunities, based in New York. This is a significant and strategic opportunity for the Firm and builds upon our Asset Management strategy. The business will expand our alternative asset management product offering and focus on directly sourced private...
Puneet Wadhwa
November 5, 2019
@bsindia
Read more about Rate cut is the only way out of economic slowdown, feel analysts on Business Standard. Bank of America Merill Lynch expects the RBI to slash rates by 25 basis points (bps) in its December monetary policy review and follow it up with another 15 bps cut in February 2020
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