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Credit Suisse

Credit Suisse

Credit Suisse Group is a 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.

Products

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
Publisher
Description
Omar Faridi
July 28, 2021
Crowdfund Insider
Credit Suisse backed SME lending Fintech Tradeplus24 has finalized a $25M raise led by a European family office.
July 12, 2021
Moneycontrol
About Rs 1,500 crore will be primary share sales while up to Rs 400 crore will be secondary share sales where existing investors can sell their stake.
Omar Faridi
July 5, 2021
Crowdfund Insider
Ex- Goldman Sachs tech executive Joanne Hannaford to serve as Credit Suisse Chief Tech, Operations Officer.
July 2, 2021
mint
It has recovered some $6.1 billion of the $10 billion in funds backed by insolvent supply chain finance firm Greensill Capital, it said on Friday, a slight increase over the $5.9 billion through late May
David Sirota
June 23, 2021
the Guardian
A presumption of innocence is never afforded to poor people accused of petty theft. Yet billionaires benefit from it every day when it comes to taxes
Marley Jay
June 6, 2021
Business Insider
Credit Suisse says these stocks are so promising because most of Wall Street is overlooking the opportunities they present.
Samantha Stokes and Anita Ramaswamy
June 5, 2021
Business Insider
Citi nabbed a longtime Goldman Sachs partner to lead a new healthcare supergroup, and State Street has a new global ESG head.
Rebecca Ungarino
June 2, 2021
Business Insider
Credit Suisse's asset management arm is also said to be a deal target, per reports, though the bank has denied it is interested in selling the unit.
June 2, 2021
@FinancialTimes
Dispute between bank and tech investor centres on US construction group Katerra
Sue Lannin
March 29, 2021
www.abc.net.au
Australian shares lose 1 per cent of their value and AGL Energy announces plans to split into a retailer and power generator as the Victorian government blocks its gas terminal proposal.
Matthew Fox
May 27, 2021
markets.businessinsider.com
Federal prosecutors in Manhattan have sent information requests to several banks that dealt with Archegos, Bloomberg reported.
Jack Newsham
May 26, 2021
Business Insider
Litigation finance has gone from a niche practice to a corporate industry. Here are the top companies, investors, and advisors in the field.
IANS
May 26, 2021
@bsindia
We book profits on metals, reversing positions added in December-20 and earlier, as PB relative to market is near a 10-year high, Credit Suisse said
Deborshi Chaki
May 25, 2021
mint
This month, the UK's fraud prosecutor opened a probe into Gupta's GFG Alliance over suspicions of fraud and money laundering
INSIDER
May 25, 2021
Business Insider
When asked by Showtime talk show host Ziwe Fumudoh to name his favorite NYC subway stop, Yang said "Times Square." That was the wrong answer, according to New Yorkers.
Aaron Weinman
May 24, 2021
Business Insider
Credit Suisse's New York staffers will return in two stages. Vaccinated folks are due back from mid-June, while the rest are due after Labor Day.
Graeme Wearden
May 24, 2021
the Guardian
Cryptocurrency mining facilities are seen in Pristina, Kosovo June 12, 2018. Photograph: Hazir Reka/Reuters
Jasper Jolly and Kalyeena Makortoff
May 24, 2021
the Guardian
Sale of aerospace supplier proposed as lenders try to claw back cash after Greensill collapse
By Simon Jack
May 24, 2021
BBC News
The struggling steel-maker says the move will allow it to pay back one of its main creditors in full.
Boies Schiller Flexner LLP
May 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Übersicht Boies Schiller Flexner (UK) LLP ("BSF") baut eine Gruppe von Investoren in Europa und Asien auf, die in den 10 Milliarden US-Dollar...
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References

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