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 shares looked set to continue their slide on Friday after the bank's reported its latest heavy losses on Thursday and the Swiss regulator said it was watching the situation 'very closely."

Credit Suisse shares look set to continue sell-off

Credit Suisse Group AG (NYSE:CS ) Q4 2022 Earnings Conference Call February 9, 2023 2:15 AM ET Company Participants Kinner Lakhani - Head of Investor Relations & Group Strategy and Development Ulrich Koerner - Chief Executive Officer Dixit Joshi - Chief Financial Officer Conference Call Participants Andrew Coombs - Citi Magdalena Stoklosa - Morgan Stanley Jeremy Sigee - BNP Paribas Exane Alastair Ryan - Bank of America Kian Abouhossein - J.P. Morgan Daniele Brupbacher - UBS Amit Goel - Barclays Stefan Stalmann - Autonomous Research Chris Hallam - Goldman Sachs Anke Reingen - RBC Andrew Lim - Societe Generale Tom Hallett - KBW Adam Terelak - Mediobanca Piers Brown - HSBC Operator Good morning.

Credit Suisse Group AG (CS) Q4 2022 Earnings Call Transcript

Credit Suisse Group AG (NYSE:CS) is trading down on Thursday after reporting another quarterly loss as net asset outflows climbed sharply to CHF 110.5 billion ($120.3 billion). Credit Suisse needs to ‘strengthen its reputation' Recently, though, CEO Ulrich Koerner said the outflows picture has since improved (read more).

Credit Suisse reports ‘completely unacceptable' numbers for its Q4

Credit Suisse (NYSE: CS ) stock is falling on Thursday after the company announced its intention to acquire Michael Klein's investment banking business. This will see the banking company purchase the banking arm of M.

Why Is Credit Suisse (CS) Stock Down 7% Today?

Swiss bank Credit Suisse reported a full year loss of SFr7.3bln (£5.6bln), the biggest since 2008, as scandals and social media storms continued to dog the Zurich-based firm. The investment bank posted a £1.3bln net loss in the final quarter of 2022 with deposit outflows reaching £99.3bln.

Credit Suisse suffers worst annual loss since financial crisis

The bank lost 1.4 billion Swiss francs ($1.5 billion) in the fourth quarter and 7.3 billion Swiss francs ($8 billion) for the full year of 2022.

Credit Suisse Posts Another Loss, Predicts Further Pain. The Stock Falls.

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals

Credit Suisse axes top bosses' bonuses after biggest loss since financial crisis

Credit Suisse bought Klein & Co. LLC for $175 million to help spin off its investment banking arm, as it posted another quarterly loss.

Credit Suisse Buys Klein & Co. in Step to Investment Bank Spinoff

Credit Suisse Group AG notched up its fifth-straight quarterly loss in the last three months of 2022 after clients pulled billions in deposits from its wealth-management business, and flagged a further full-year loss in 2023.

Credit Suisse posts loss of $1.51 billion as clients pull billions from wealth management business

Credit Suisse said on Thursday that it was progressing to carve out CS First Boston by acquiring The Klein Group for $175 million to be paid in the form of a convertible note.

Credit Suisse moves towards carve out of investment banking arm

Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs, as it carried out its strategic overhaul.

Credit Suisse posts massive annual loss as 'radical' restructure gets underway

Apollo Global Management

Apollo Global Management Inc. APO, +0.24% is negotiating a potential stake in CS First Boston, the investment banking unit that's being spun off of Credit Suisse Group AG CS, -0.14% , The Wall Street Journal reported Tuesday. Citing people familiar with the matter, the article said Apollo is one of a group of financial companies interested in acquiring a position in CS First Boston.

Apollo may back resurrected CS First Boston investment bank as Credit Suisse follows through on planned spinoff: WSJ

Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a "super boutique" and sees revenue surging to as much as $3.5 billion, as the embattled lender seeks to raise funds for the revamped business, a company document seen by Reuters shows.

Exclusive: Credit Suisse markets CSFB as 'super boutique', sees revenue rebound

Credit Suisse is currently trading at only 0.2x book value, the cheapest valuation in the European banking sector. Liquidity was a major issue in recent months and the most concerning risk for me, but this seems to have improved in recent weeks.

Credit Suisse: A Contrarian Buy

The Qatar Investment Authority is now the second-largest shareholder in Credit Suisse after doubling its stake in the embattled Swiss lender late last year.

Qatar doubles Credit Suisse stake as embattled lender forges ahead with strategic overhaul

DUBAI, Jan 23 (Reuters) - Qatar's sovereign wealth fund has increased its stake in Credit Suisse to just under 7%, becoming the Swiss bank's second-largest shareholder after Saudi National Bank, in a sign that its Gulf investor base is growing in importance.

Qatar Investment Authority raises stake in Credit Suisse to just under 7%

Goldman Sachs

Morgan Stanley

Banks are set to undertake the largest wave of job cuts in 15 years amid declining revenues. Industry watchers told the Financial Times (FT) the layoffs — expected to be in the tens of thousands — reverse a trend of widespread hiring and banks' reticence to let go of workers during the pandemic.

Big Banks Ready ‘Super Brutal' Round of Layoffs

Credit Suisse Group AG (NYSE: CS) is executing well on the strategic overhaul that it announced in the final quarter of 2022, says Ulrich Koerner – Chief Executive of the Wall Street bank.

Credit Suisse CEO says ‘money is coming back into the firm'

Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday.

Credit Suisse CEO says outflows have reduced 'very significantly' as overhaul progresses

Credit Suisse Group AG (NYSE:CS) is set to lay off 10% of its European investment bankers as things continue to go from bad to worse for the Swiss lender. Rumours of a takeover by fellow Swiss bank UBS were also quelled at the weekend as its chairman Colm Kelleher confirmed it had no interest in an acquisition.

Credit Suisse eyes more staff cuts as woes continue

Alibaba

Global stocks and U.S. stock-index futures drifted on Monday as investors remain optimistic that inflation is cooling.

Credit Suisse, Just Eat, Alibaba, and More Market Movers

Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year, the Financial Times reported on Saturday, citing people with knowledge of the moves.

Credit Suisse set to cut 10% of European investment bankers -FT

UBS Group AG

UBS has no interest in buying fellow Swiss lender Credit Suisse , the bank's Chairman Colm Kelleher said in a interview published on Saturday.

UBS has no desire to buy Credit Suisse, chairman tells newspaper

One of Credit Suisse's large shareholders, Harris Associates, has reduced its stake in the bank by roughly half to about 5%, according to regulatory filings, as the Swiss bank struggles to regain the confidence of investors.

Top Credit Suisse shareholder cuts stake

Barclays

Citigroup

Deutsche Bank

HSBC Holdings

Banks have begun to trim jobs globally, hit by cost pressures as a result of inflation and shrinking revenues in many core business lines amid volatile markets that are making bank bosses nervous about profitability through the year.

News for Credit Suisse Stock (CS)