Coordinates: 47°22′11″N 8°32′22″E / 47.369602°N 8.539449°E / 47.369602; 8.539449
|Traded as||SIX: CSGN, NYSE: CS|
|Key people||Urs Rohner
|Products||Investment and private banking, asset management|
|Revenue||CHF 25.43 billion|
|Operating income||CHF 2.79 billion|
|Profit||CHF 1.95 billion|
|Total assets||CHF 1.229 trillion|
|Total equity||CHF 27.02 billion|
Credit Suisse Group AG is a Switzerland-based multinational financial services holding company headquartered in Zurich that operates the Credit Suisse Bank and other financial services investments. The company is organized as a stock corporation with four divisions: Investment Banking, Private Banking, Asset Management, and a Shared Services Group that provides marketing and support to the other three divisions.
Credit Suisse was founded by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt (SKA, English: Swiss Credit Institution) in order to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid, its currency system, its connection to the European rail system and funding for entrepreneurship . In the 1900s Credit Suisse began shifting to retail banking in response to the elevation of the middle-class and the growing popularity of savings accounts. Credit Suisse partnered with First Boston and, after a large failed loan, bought a controlling share in the bank. In the late 1900s, Credit Suisse acquired Donaldson, Lufkin & Jenrette, the Winterthur Group, Swiss Volksbank and Bank Leu among others.
The company restructured itself in 2002, 2004 and 2006. It was one of the least effected banks during the global financial crisis, but afterwards began shrinking its investment business, executing layoffs and cutting costs. During the period 2008 to 2012, Germany, Brazil and the United States began a series of investigations into the use of Credit Suisse accounts for tax evasion.
Other articles related to "credit suisse, suisse":
... Partner of Global Infrastructure Partners, a $5.64 billion joint venture formed by Credit Suisse and General Electric ... role, he was Executive Vice Chairman and Chief Client Officer of Credit Suisse, based in New York ... He previously served as a member of Credit Suisse’s Executive Board and Management Council and chaired the Chairman’s Board ...
... Prior to co-founding MatlinPatterson, Patterson had worked with David Matlin at Credit Suisse and previously at Scully Brothers Foss ... the two founders, had worked in various positions, particularly in Leveraged Finance, at Credit Suisse, Scully Brothers Foss, Salomon Brothers and Bankers Trust ... the firm raised its first fund in 2002, it did so with more than $200 million of capital from Credit Suisse ...
... Credit Suisse is a member of Wall Street's bulge bracket, a list of less than a dozen of the largest and most profitable banks ... Suisse has been identified as one of the world's most important banks, whom international financial stability relies upon ... Credit Suisse has been recognized as the world's best private bank by Euromoney's Global Private Banking Survey and as the best European Equity Manager by Global ...
... When Credit Suisse took a 40% stake in White Weld, he rose rapidly to become a senior Director of the combined Bank ... made a play for White Weld in 1978 and Credit Suisse needed a new partner ... Von Clemm replaced Craven as Chairman of the newly formed Credit Suisse First Boston, and then additionally Chief Executive in 1979 ...
... Thompson Dean and Steven Webster, completed a spinoff from Credit Suisse's private equity arm DLJ Merchant Banking Partners to form a new private equity firm ... Unlike Diamond Castle, Avista received support from Credit Suisse for its debut fund ... The spinout of Diamond Castle and Avista from Credit Suisse First Boston came at the same time as the spinouts of private equity groups from other leading investment ...
Famous quotes containing the word credit:
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