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

Further reading

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News

Title
Author
Date
Publisher
Description
Puneet Wadhwa
September 2, 2020
@bsindia
Family-owned businesses outdo peers in returns since 2006, suggests a Credit Suisse report
Puneet Wadhwa
September 2, 2020
@bsindia
Family-owned businesses outdo peers in returns since 2006, suggests a Credit Suisse report
Sohini Das
August 25, 2020
@bsindia
The report says if chemists are allowed to replace doctors prescription with a generic drug, firms with high exposure to chronic therapeutic drugs will be impacted more
Matthew Green, Alexandra Valencia and Simon Jessop | Reuters
August 12, 2020
@bsindia
Fears over the impact of oil extraction in the Amazon were heightened in April when a pipeline ruptured, depriving 27,000 indigenous people of their main water source
Swati Verma
July 8, 2020
@bsindia
In May last year, Tata Group had decided to demerge the consumer business of Tata Chemicals and merge it with Tata Global Beverages.
Samantha Hurst
July 6, 2020
Crowdfund Insider
Click HERE to find out ⭐ Credit Suisse Adds Google Pay to Mobile Payment Offering. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
July 3, 2020
WebWire
From mid-August 2020, credit card clients of Credit Suisse in Switzerland will be able to use Google Pay in addition to existing mobile payment options. Thanks to the expansion of the offering to include Google Pay, Credit Suisse clients can now make full use of another major international payment solution - with both prepaid and credit cards. Google Pay is one of the most popular payment systems in the world and is being added to Credit Suisse's existing international mobile payment of...
Omar Faridi
June 25, 2020
Crowdfund Insider
Switzerland's Credit Suisse, a global wealth manager, to "explore synergies" with Brazilian digital bank modalmais.
June 24, 2020
WebWire
Credit Suisse is launching the next generation of debit card, replacing the Maestro card currently used by its clients. The new Debit Mastercard not only offers functions such as cash withdrawals and cashless payments but also makes it possible to pay in online stores worldwide without incurring fees. Credit Suisse is phasing out its existing Maestro card and replacing it with the Debit Mastercard. The new card will be available from 7 July 2020, for clients ordering new or replacemen...
IANS
June 19, 2020
@bsindia
In a report it said that after having paid Rs 6,900 crore of AGR dues, estimate is that Vodafone Idea would have Rs 6,000 crore of cash balance as of March 2020
June 15, 2020
WebWire
The robust trend in pharmaceutical exports, the effectiveness of government measures, and the more positive signals from economic indicators are reasons for cautious optimism. Credit Suisse economists are therefore standing by their relatively optimistic forecast this year. They expect to see a decline in gross domestic product (GDP) of only 4% (forecast 17.4.2020: -3.5%). Overall, the economy is expected to progress slowly, with a tilted "V shaped" recovery. GDP will not return to end-...
JD Alois
June 10, 2020
Crowdfund Insider
Click HERE to find out ⭐ Fortress Management: Libra Association Continues to Add High Profile Executives to Management, MD and Global Head of Financial Crime Compliance at Credit Suisse Joins Libra. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Reuters Editorial
June 10, 2020
U.S.
Business conditions are improving after a tough start to the year, Credit Suisse Chief Executive Thomas Gottstein said in a presentation released on Wednesday.
Brenna Hughes Neghaiwi
June 8, 2020
IN
Credit Suisse is banking on risk-taking billionaires to drive revenue growth at its wealth management division.
Jash Kriplani
May 27, 2020
@bsindia
Slippage of 20% on loans under moratorium to weigh on capital ratios
May 26, 2020
Moneycontrol
JSW Steel, SAIL, Tata Steel, NMDC, Hindalco Industries and NALCO were the other gainers which gained 2-3 percent each.
Bloomberg
May 23, 2020
@bsindia
The bank could streamline many processes, Gottstein said, adding that this is one of his priorities
Reuters
May 19, 2020
@bsindia
Switzerlands markets watchdog FINMA is examining the culture and governance at one of Europes largest banks
John O'Donnell
May 19, 2020
U.S.
Swiss regulators have requested electronic messaging data from the mobile phones of several Credit Suisse managers and supervisory board directors as part of a probe into spying at the bank, three people familiar with the matter said.
April 30, 2020
WebWire
Credit Suisse today announced changes to the Board of Directors of its Swiss entity, Credit Suisse (Switzerland) Ltd. Thomas Gottstein and Christoph Brunner have been elected as new members of the Board of Directors. Tidjane Thiam and Alexander Gut have stepped down from the Board. In addition to Credit Suisse Group AG, the separate legal entity and 100% subsidiary Credit Suisse (Switzerland) Ltd. also held its Annual General Meeting today. At this meeting, Thomas Gottstein, CEO of Cred...
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