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

January 19, 2021
Credit Suisse announces endowment with UNCF to fund scholarships for students attending North Carolina-based HBCUs.
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

Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
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Western Midstream Partners, LP
February 26, 2021
www.prnewswire.com:443
/PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) announced that Michael Ure, President, Chief Executive Officer, and Chief Financial Officer,...
Shalini Nagarajan and Reuters
February 18, 2021
markets.businessinsider.com
The earnings cap a tumultuous year for the bank, which began with the ousting of Tidjane Thiam as CEO.
Aflac Incorporated
February 17, 2021
www.prnewswire.com:443
/PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today that Aflac Incorporated President and Chief Operating Officer Frederick J. Crawford will...
February 16, 2021
The Economic Times
The foreign inflows are just getting started, believe money managers, as there is increased acknowledgment that the Indian economy is now the best place to be in Asia.
Puneet Wadhwa
February 16, 2021
@bsindia
Within Asia Pacific (ex-Japan), Credit Suisse is now biased towards second-phase Covid recovery markets-Korea, India, Australia, Singapore, and Hong Kong
SI Reporter
February 16, 2021
@bsindia
Credit Suisse has initiated coverage on the stock with an Outperform rating. It also has a target price of Rs 162 on the stock
West Creek Financial
February 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- West Creek, a fast-growing consumer financing provider, closed a new secured debt facility from Credit Suisse and a fund managed by Neuberger...
February 12, 2021
The Economic Times
The agreement follows a ruling by a New York judge in favor of MBIA in the case concerning Credit Suisse's representations to the company, which provided insurance for residential-backed securities ahead of the 2008 financial crisis.
Alex Morrell and Reed Alexander
February 11, 2021
Business Insider
The pandemic featured a prolonged M&A drought. But these dealmakers still landed some mammoth transactions as activity roared back.
Carla Mozée
February 9, 2021
markets.businessinsider.com
Stocks of companies that reported strong fourth-quarter earnings have been underperforming those with weaker financial profiles.
Vicky Ge Huang
February 8, 2021
Business Insider
Credit Suisse just updated its highest-conviction "outperform-rated" stock picks for February amid worries of a market correction.
Jubilant Therapeutics Inc.
February 6, 2021
www.prnewswire.com:443
/PRNewswire/ -- Jubilant Therapeutics Inc., ein biopharmazeutisches Unternehmen, das niedermolekulare Modulatoren für ungedeckten medizinischen Bedarf in der...
Jubilant Therapeutics Inc.
February 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Jubilant Therapeutics Inc., a biopharmaceutical company advancing small molecule modulators to address unmet medical needs in oncology and...
Will Daniel
February 2, 2021
Business Insider
Analysts are expecting a strong quarter from Amazon buoyed by at-home e-commerce spending and prime day's move to the fourth quarter.
Saloni Goel
January 27, 2021
@bsindia
The volatility remained high ahead of the monthly F&O expiry on Thursday
Reed Alexander
January 25, 2021
Business Insider
Simon Upton told Insider that he's prioritizing upgrading PJ Solomon's technical infrastructure to prepare for a world transformed by COVID.
AlphaSense
January 21, 2021
www.prnewswire.com:443
/PRNewswire/ -- AlphaSense, the search engine for market intelligence, today announced that equity research from Credit Suisse, ranked amongst the top research...
January 19, 2021
WebWire
This pledge reflects Credit Suisse's ongoing commitment to diversity, equity and inclusion. It also builds on the bank's long-standing relationship with North Carolina and the people and families of the Raleigh Community, where Credit Suisse established a presence over 15 years ago. Eric Varvel, CEO of Credit Suisse Holdings USA (Inc.), said, Part of our commitment to diversity and inclusion is to ensure we hold ourselves accountable for creating equitable access to opportunity. One way...
Credit Suisse
January 18, 2021
www.prnewswire.com:443
/PRNewswire/ -- Credit Suisse is pleased to announce an initial commitment of USD 1.2 million to establish the Credit Suisse Scholars Program, an ongoing...
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References

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