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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"It's not clear that, unlike the United States, the [Swiss] federal system has enough resources to engineer a bailout," Roubini told Bloomberg TV.

'Dr. Doom' Nouriel Roubini says Credit Suisse may be too big to be saved and risks igniting a 'Lehman moment'

4.25pm ET: Swiss central bank ready to help Swiss regulators have said they are ready to help Credit Suisse "if necessary", as the collapse of Silicon Valley Bank in the US raises fears of a wider crisis. In a joint statement with the Swiss financial market regulator FINMA, the Swiss National Bank (SNB) said Credit Suisse met the “strict capital and liquidity requirements” imposed on banks of importance to the wider financial system.

Swiss central bank ready to step in to help stop Credit Suisse freefall

Investor fears over contagion drive a market rout after the Swiss lender's drop.

Credit Suisse Stock Decline Tests Strength of European Banks

The SNB said Wednesday that Credit Suisse is currently well capitalized but that the central bank will provide additional liquidity if necessary.

Swiss National Bank says it will provide Credit Suisse with liquidity if necessary

Swiss financial regulator FINMA and the nation's central bank said on Wednesday that the Swiss National Bank would provide Credit Suisse liquidity "if necessary", a first for a global bank since the financial crisis.

Swiss central bank ready to pump liquidity into Credit Suisse 'if necessary'

The Swiss National Bank will provide liquidity to troubled lender Credit Suisse if necessary, the central bank said late Wednesday, in a joint statement with the Swiss Financial Market Supervisory Authority, or FINMA. The “problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial markets,” SNB and FINMA said.

Swiss National Bank to provide liquidity to Credit Suisse ‘if necessary'

SVB Financial Group

When confidence in a bank or two is shaken, investors skittishly search for the next potential victim, pushing down bank stocks across the board. That's exactly what is happening now.

How SVB Triggered Credit Suisse's Mess—and Sparked Fears of a Financial Crisis

Nonbank financial institutions, insurers, and funds are experiencing a variety of “knock-on effects” as the result of the sudden deterioration of a few U.S. banks, underscoring the interconnectedness of the entire financial system, according to Fitch Ratings. In a statement on Wednesday, Fitch described these impacts as “not yet material from a rating perspective.

Bank crisis beginning to be felt by nonbank institutions, Fitch Ratings says

JPMorgan Asset Management's Bob Michele says a recession is "inevitable" and there's "a lot more pain" headed for financial markets.

Credit Suisse is just the 'tip of the iceberg' as banking turmoil snarls financial markets, JPMorgan Asset Management investment chief says

Traders piled into U.S.-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the embattled Swiss bank hammered its shares and added to concerns about instability in the financial sector.

Credit Suisse plunge sends traders flocking to its U.S-listed options

Swiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the matter.

Swiss government holds talks on options to stabilize Credit Suisse - Bloomberg News

Credit Suisse stock plunged 90% in five years. The bank has been haunted by scandals and internal control lapses reported recently.

Credit Suisse: A Triple Crisis Stock Crash

Credit Suisse also sought public support from Finma, but neither the central bank or Swiss regulator decided to intervene, the Financial Times said.

Credit Suisse asks central bank for a show of support, but Swiss National Bank stays quiet

Plunge in bank's share price adds to fears over weaknesses in banking sector following collapse of SVB

Credit Suisse: what is happening at Swiss bank and should we be worried?

SAN DIEGO--(BUSINESS WIRE)---- $CS #CS--Credit Suisse Group AG (CS) Misled Investors Regarding Customer Outflows and Overstated its Financial Position and Prospects

Credit Suisse Group AG (CS) Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Class Action Against Credit Suisse Group AG

PPI Drops Unexpectedly in February

Credit Suisse Group AG's top shareholder, Saudi National Bank, has declared it will not provide any additional capital support, potentially signaling a loss of confidence in the struggling bank. Credit Suisse's ongoing outflows raise concerns about the potential for even more deposit migration to stronger banks, leaving it in a precarious situation.

Credit Suisse: Brace For Turmoil

U.S. banks were on track for their lowest close since 2020 after Credit Suisse shares fell sharply, fanning concerns about the health of the financial system.

Banks Resume Selloff After Credit Suisse Shares Drop

First Republic

KeyCorp

PacWest Bancorp

Concerning news about Credit Suisse renewed investors' fears about the banking industry. The regional banks getting hit the hardest Wednesday those that have the highest exposure to business banking clients and the largest percentages of uninsured deposits.

Why Are Regional Banks Getting Crushed Again on Wednesday?

Banco Bilbao Vizcaya Argentaria

Deutsche Bank

ING Groep NV

Signature Bank

Silvergate Capital Corp

Shares of Credit Suisse plunged after the bank's largest shareholders said they wouldn't purchase any more of the bank's stock. A failure of Credit Suisse would significantly affect the global banking system.

Why Shares of Deutsche Bank and Other European Lenders Are Falling Today

U.S. Bancorp

Bank stocks aren't doing well on Wednesday as the continued fallout of the SVB Financial (NASDAQ: SIVB ) collapse weighs on the sector. The big news keeping bank stocks down comes from Credit Suisse (NYSE: CS ).

Why Are Bank Stocks CS, UBS, DB Down Today?

The Swiss banking giant has weathered a slew of scandals in recent years, and investors are jittery after the collapse of three US banks.

Credit Suisse was struggling long before the SVB fiasco. Here's why the European banking giant is losing the faith of investors.

Credit Suisse has been struggling in recent years and has been undergoing a plan to revive the health of its business. The bank recently received news that its biggest financial backer couldn't give it any more money.

Why Is Credit Suisse Plunging on Wednesday?

NEW YORK--(BUSINESS WIRE)---- $CS #CS--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between December 1, 2022 and February 17, 2023, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than May 8, 2023.

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Credit Suisse Group AG Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – CS

"The markets remain nervous about contagion reaching the systematically important banks," Fundstrat's Tom Lee said.

News for Credit Suisse Stock (CS)