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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Credit Suisse (NYSE: CS ) stock is falling hard on Monday after UBS (NYSE: UBS ) agreed to buy its rival in a massive takeover offer. UBS has agreed to take over Credit Suisse in a $3.2 billion deal.

Why Is Credit Suisse (CS) Stock Down 57% Today?

UBS Group AG

Shares in Credit Suisse plummeted, leading stocks in European banks lower as the lender's takeover by UBS failed to calm nerves about a wider crisis.

Credit Suisse shares tumble 60% as its UBS rescue deal fails to calm bank-crisis jitters

Credit Suisse bondholders were licking their wounds after the rescue deal by UBS resulted in US$17bn of the failed Swiss bank's bonds being wiped out. “In my eyes, this is against the law,” said Patrik Kauffman, a fund manager at Aquila Asset Management who invests in additional tier 1 (AT1) bank debt, quoted by the Financial Times.

Credit Suisse bondholders lick wounds after US$17bn debt wipeout

The UBS-Credit Suisse megadeal could make it tougher for the Fed to fight inflation without causing a recession.

UBS is set to buy Credit Suisse for $3.2 billion. The megadeal could make the banking crisis worse.

From UBS itself to Credit Suisse's AT1 bondholders, here are the main winners and losers from the biggest story in markets right now.

Credit Suisse rescue: The biggest winners and losers from UBS's historic deal

The enormous size of the two units, and the burden of integrating them, may prompt some clients to look elsewhere.

UBS-Credit Suisse Deal Creates Wealth Management Titan

Swiss banking giant UBS (NYSE: UBS) has acquired its troubled competitor Credit Suisse (NYSE: CS) for $3 billion in one of the most significant banking M&A deals since the financial crisis.

UBS Buys Failing Credit Suisse: Will It Cause a Fed Pause?

Global bank stocks came under pressure following the tie-up, which was engineered by regulators.

Stock Futures Waver After UBS Strikes Deal to Buy Credit Suisse

Solid ratios were no defense against a rapid loss of confidence at the Swiss lender, and the way it is being unwound sparks fresh banking sector fears.

Credit Suisse's Death Gives Birth to New Type of Bank Crisis

Japan's yen climbed on Monday as investors reacted nervously to UBS' cut-price takeover of its beleaguered rival Credit Suisse.

Safe-haven yen rises as investors assess Credit Suisse rescue

Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country's gross domestic product, as part of their merger to buffer Switzerland against global financial turmoil, documents outlining the terms of the deal show.

Switzerland puts up 260 billion francs for Credit Suisse rescue -documents

The value of a class of convertible bonds issued by banks plunged in value on Monday after Credit Suisse's securities were completely written down to zero by the Swiss regulator.

The $275 billion bank convertible bond market thrown into turmoil after Credit Suisse's securities wiped out

SVB Financial Group

Major financial market regime changes typically take place in stages. The crypto meltdown in 2022, for example, incurred about $2 trillion of losses.

The end of the ‘everything bubble' has finally hit the banking system. Credit Suisse and SVB might be just the first of many shocks.

Despite bold proclamations about a return to stability, the sale of Credit Suisse to UBS does not appear to have laid to rest contagion concerns.

'Shotgun wedding': What the UBS rescue of Credit Suisse means for global markets

Oil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend.

Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS Rescue

UBS struck a $3.25 billion Swiss government-brokered deal to acquire its troubled peer Credit Suisse on Sunday.

UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees

The Swiss bank has given its employees guidelines on how to answer client questions following a merger deal with UBS.

Credit Suisse's Message to Clients: 'No Need to Take Action Right Now'

Credit Suisse took a hefty chunk of liquidity from the Swiss National Bank last week, sight deposit data published by the central bank indicated on Monday.

Sight deposits rise, indicating Credit Suisse took central bank liquidity

Japan's yen rallied on Monday as investors sought out safe assets after UBS' cut-price takeover of its beleaguered rival Credit Suisse failed to quell market nerves.

Safe-haven yen jumps as Credit Suisse deal sparks further jitters

Shares in European banks were battered in early trade on Monday following UBS's state-backed rescue of Credit Suisse that brought with it massive writedowns for the latter's bondholders.

European banks battered after Credit Suisse rescue

Credit Suisse's largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.

Saudi National Bank loses over $1 billion on Credit Suisse investment

French insurer AXA had a "limited exposure" of about 0.6 billion euros ($639.5 million) to Swiss bank Credit Suisse , it said on Monday.

French insurer AXA has about $640 mln exposure to Credit Suisse

First Republic

First Republic shares sank in Monday's premarket trading as UBS's takeover of Credit Suisse ignited market fears of a banking crisis and S&P cut the US lender's debt ratings again.

First Republic shares tank 25% after UBS deal to buy Credit Suisse underscores risks of a banking crisis

Derivatives that track the value of key bank debt fell sharply on Monday, after UBS agreed to rescue rival Credit Suisse , forcing a massive writedown of the latter's additional tier-one debt as part of the deal.

Derivatives that track bonds at the heart of Credit Suisse rescue slide

UBS shares fell almost 14% on Monday after the bank's $3.2 billion "emergency rescue" of embattled domestic rival Credit Suisse.

News for Credit Suisse Stock (CS)