Credit Suisse

First Boston, was a New York-based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1990. Together with its sister investment banks, it was referred to as CS First Boston after 1993 and part of Credit Suisse First Boston after 1996. The First Boston part of the name was phased out by 2006.

First Boston

Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas. The Wealth Management division offers comprehensive wealth management and investment solutions, tailored financing, and advisory services to ultra-high-net-worth (UHNW) and high net-worth (HNW) individuals and external asset managers. The Investment Bank division offers a broad range of financial products and services focused on client-driven businesses and also supports Credit Suisse’s Wealth Management division and its clients. The Swiss Bank division offers comprehensive advice and a wide range of financial solutions to private, corporate, and institutional clients in Switzerland. The Asset Management division offers investment solutions and services globally to a broad range of clients, including pension funds, governments, foundations and endowments, corporations, and individuals. The company was founded by Alfred Escher on July 5, 1856 and is headquartered in Zurich, Switzerland.

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Switzerland's move to wipe out $17 billion of Credit Suisse Group bonds has prompted investors to reassess a market integral to the safety and resilience of Europe's banking system.

Credit Suisse Write-Off Upends European Bank Capital Bonds

Distressed debt investors and large hedge funds are buying up Credit Suisse additional tier-1 bonds at rock-bottom prices after they were written down to zero in the Swiss bank's rescue by cross-town rival UBS.

Hedge funds eye opportunities in cut-price Credit Suisse AT1s

Assurances from the U.K. and eurozone central banks that bondholders would always rank above shareholders in any bank collapse on their turf need to be taken with a grain of salt.

Credit Suisse's Bail-in Bonds Gave Politicians Easy Target

The Swiss government on Tuesday said it would restrict bonuses at Credit Suisse after the bank agreed to be taken over at a steep discount by UBS UBS, +12.45%.

Swiss government says it will limit bonuses at Credit Suisse

LOS ANGELES, CA / ACCESSWIRE / March 21, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Credit Suisse Group AG ("Credit Suisse" or "the Company") (NYSE: CS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 10, 2022 and March 15, 2023, inclusive (the ''Class Period''), are encouraged to contact the firm before May 8, 2023.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Credit Suisse Group AG with Losses of $100,000 to Contact the Firm

Switzerland's finance department has issued an order to Credit Suisse to temporarily suspend certain forms of variable pay for the bank's employees, the Swiss government said.

Swiss govt suspends forms of variable remuneration at Credit Suisse

Some holders of Credit Suisse Group AG's so-called additional tier 1 (AT1) bonds have approached a law firm to assess whether they have a case against the Swiss authorities' decision to wipe out their holdings as part of the UBS Group AG deal.

Some Credit Suisse AT1 bondholders seek legal advice -law firm

UBS Group AG

Credit Suisse staff have been inundating recruiters with calls seeking out new job opportunities as the embattled bank prepares to be taken over by its rival UBS. Recruiters from Singapore to Hong Kong and London have been fielding calls in recent days from Credit Suisse staff, according to a Bloomberg report citing people from more than a dozen firms with knowledge of the matter.

Credit Suisse employees flood the job market after UBS rescue

The sale price will be just $3.25 billion, despite Credit Suisse having a market cap of $8.6 billion in Friday

With Credit Suisse Investors The Latest To See Massive Losses, Are More Bank Failures To Come?

Here's everything you need to know about Credit Suisse's AT1 bonds as they raise the risk of more uncertainty in financial markets.

Credit Suisse's rescue had a sting in its tail for the banking crisis. Here's what you need to know about AT1 bonds.

AT1 bonds date back to the aftermath of the 2008 financial crisis, when regulators tried to shift risk away from taxpayers.

Everyone's talking about Credit Suisse's risky bonds. Here's what they are and why they matter

Bank of America

Analyst at Bank of America Corp (NYSE:BAC) have upgraded their rating and price target on UBS after it was revealed the investment bank would be buying troubled lender Credit Suisse. The analysts upgraded their price target from ‘Neutral' to ‘Buy' and upped their price target from 21 CHF to 23 CHF.

UBS upgraded to ‘Buy' by BofA on Credit Suisse takeover

The culling is expected to hit hardest at Credit Suisse's operations in Switzerland and its investment bank.

Credit Suisse rescue could reportedly spur ‘tens of thousands' of layoffs

Hats, bags and gold bars emblazoned with Credit Suisse's logo are being sold on resale sites, having popped up mere hours after the 167-year-old bank was saved from collapse by rival UBS.

Credit Suisse's gold bars, hats and bags are cropping up in online stores

Investment banking roles expected to be worst hit at Credit Suisse in London

Thousands of UK jobs at risk after UBS takeover of Credit Suisse

A number of Credit Suisse bondholders said they are considering legal action after the $17 billion wipeout of the embattled bank's AT1 bonds.

Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedown

Credit Suisse's rescue by UBS feels eerily similar to the firesale of Bear Stearns to JPMorgan almost exactly 15 years ago to the day. But this banking crisis is shaping up to look very different

Credit Suisse went the way of Bear Stearns in 2008. But this crisis is different

The write-off of Credit Suisse's AT1 bonds shows how the usual rules can be thrown out the window in a crisis.

Credit Suisse Takeover Sets Frightening Precedent for $250 Billion in Bonds

Pacific Investment Management and Invesco are among the largest holders of Credit Suisse's so-called additional tier 1 or AT1 bonds that have been wiped out after the bank's takeover by UBS. California-based asset manager Pimco is the largest holder of the Swiss lender's AT1 bonds with around US$807mln of the securities, Bloomberg reported.

Pimco and Invesco seen taking hit from Credit Suisse bond wipeout

Recruiters in London, New York, and Singapore have received many calls from Credit Suisse workers as UBS struck a deal to buy the bank, per Bloomberg.

Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid UBS's takeover, report says

Swiss banks have long been known for how much they value being discreet. Now their banking crisis is being put on the world stage.

Swiss banking, known for its secrecy, gets put in the spotlight

Insider's George Glover gives you the rundown on the banking crisis' latest twist: UBS rescuing its old foe Credit Suisse.

Everything you need to know about UBS's historic $3 billion deal to rescue rival bank Credit Suisse

Investment heavyweights Pimco and Invesco will face huge losses as some of the largest AT1 bondholders in Credit Suisse, with over $1.1 billion of investment in the risky bonds written down to zero, Bloomberg reported on Tuesday.

Pimco and Invesco had the biggest holdings in Credit Suisse CoCo bonds: report

The bank was bounced to negative from stable on concerns about the cost of integrating its compatriot.

UBS Outlook Downgraded After Credit Suisse Acquisition

UBS Group AG (NYSE:UBS)'s acquisition of Credit Suisse Group AG (NYSE:CS) could lead to tens of thousands of job cuts, as Switzerland's financial sector faces the repercussions of the contentious takeover, according to the Financial Times. Citing unnamed sources, the paper suggests Credit Suisse's domestic business and investment bank, which employ over 30,000 staff, will be most affected.

News for Credit Suisse Stock (CS)