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 is considering a 50% cut to its overall 2022 bonus pool, Bloomberg News reported on Wednesday, as the Swiss bank attempts to revive its fortunes after scandals and heavy losses.

Credit Suisse may cut 2022 bonus pool by 50% -Bloomberg News

Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein's advisory boutique, Bloomberg News reported on Monday.

Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News

Deasy, promoted to regional co-head of Credit Suisse's Investment Banking & Capital Markets (IBCM) unit just a few months ago, is set to be replaced by veterans Giuseppe Monarchi and Steven Geller.

Credit Suisse Stock Up 6% as Another Key Dealmaker Departs

Ally Financial

In this rising rate environment, high quality banks will perform well while low quality banks will have a higher risk of bankruptcy. Ally is consistently profitable, going well below book, and trading for a low multiple.

Ally And Credit Suisse: Pairs Trading The Best And Worst Banks

Credit Suisse's stock (NYSE: CS) has lost approximately 69% YTD, as compared to the 21% drop in the S&P500 over the same period.

What To Expect From Credit Suisse Stock?

Credit Suisse's client withdrawals have stabilised and reversed in some cases, Andre Helfenstein, the head of Credit Suisse's Swiss business said in an interview with local newspaper NZZ.

Credit Suisse clients are returning, CEO of bank's Swiss business says

Zuercher Kantonalbank (ZKB.UL) is not trying to poach clients from embattled Credit Suisse , the state-backed cantonal bank's chief executive said in a newspaper interview published on Saturday.

ZKB not poaching Credit Suisse clients - CEO in paper

The Swiss bank is on firmer financial footing after selling $4.3 billion in stock, but it still needs to woo back its rich clients.

Credit Suisse's Next Mission: Win Back Customers

Bank of America resumed coverage on Credit Suisse CSGN, +5.23% CS, +5.78% with a buy rating now that the Swiss bank successfully raised 4 billion Swiss francs. The broker pointed out that it now has the same market cap as Julius Baer BAER, but is 1.5 times larger in wealth management, while also having a leading domestic bank and asset management business.

Credit Suisse resumed at buy at Bank of America after fundraising completed

Credit Suisse Group AG said Thursday that it completed its latest rights offering and had put into action around 80% of the cost cuts it planned for 2023, as the bank maintains course through its painful strategic review.

Credit Suisse completes $2.4 billion capital raise as it advances cost cuts

Credit Suisse on Thursday announced the final result of its 4 billion Swiss franc ($4.25 billion) capital raise, saying 98.2% of shareholder rights to buy stock at a discount had been taken up in the second part of the fundraising.

Credit Suisse raises 2.24 billion Swiss francs in second part of capital hike

Credit Suisse's stock (NYSE: CS) has lost approximately 65% YTD, as compared to the 16% drop in the S&P500 over the same period.

Where Is Credit Suisse Stock Headed?

Credit Suisse is "definitely stable," Chairman Axel Lehmann told Swiss broadcaster SRF on Monday, adding that the embattled bank had seen a stabilisation in the outflows of client funds.

Credit Suisse business is stable, chairman tells broadcaster SRF

Credit Suisse Group AG (NYSE:CS)'s share price shot up on reports that a Saudi Arabian prince and US private-equity firm are looking to invest upward of US$1bn into its new investment bank. Having moved to spin off its First Boston brand, which could separate the bank from losses and legal issues, Credit Suisse has seen interest from prince Mohammed bin Salman and former Barclays PLC (LSE:BARC) chief executive Bob Diamond, according to the Wall Street Journal.

Credit Suisse jumps on reports of Saudi royal investment

I have been a bear for 18 months but turning constructive now. There are green shoots. The WM outflows are stabilizing and partly reversing.

Credit Suisse: Why I Am Turning Bullish Now

Saudi Arabia's crown prince and a U.S. private-equity firm run by Barclays PLC's BCS, -0.89% former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse's CS, +9.39% new investment bank, people familiar with the matter said.

Saudi crown prince set to invest in Credit Suisse's new investment bank

Investors including Saudi Arabia's crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse's new investment banking unit, the Wall Street Journal reported on Sunday.

Credit Suisse's investment bank draws interest from Saudi crown prince, WSJ reports

Saudi Arabia's crown prince and a U.S. private-equity firm run by Barclays PLC's former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse CS 9.39%increase; green up pointing triangle‘s new investment bank, people familiar with the matter said.

Credit Suisse's Investment Bank Spinoff Attracts Saudi Crown Prince

Barclays

Citigroup

Deutsche Bank

Goldman Sachs

HSBC Holdings

Morgan Stanley

Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs.

Factbox: Global banks take axe to jobs as cost pressures mount

That's Axel Lehmann, the chairman of Credit Suisse, talking to Bloomberg Television, in an interview that aired Friday. The company's stock price has continued to plumb new record lows as it raises 4 billion francs and sets off on a new strategic plan.

‘The outflows have basically stopped.' Credit Suisse chairman says stock-price volatility to end after capital increase is completed

Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank's outflows have basically stopped and that it is seeing partial inflows.

Credit Suisse chairman says outflows have basically stopped

Credit Suisse is looking for ways to accelerate cost cuts announced just weeks ago as client outflows and a slowdown in activity weigh on its revenue outlook, three people with knowledge of the talks said.

Exclusive: Credit Suisse looks to speed up cuts as revenue outlook worsens –sources

Credit Suisse stock CSGN, -4.15% hit a another record low on Thursday, as investors remained wary of the bank's prospects despite a recent 4 billion Swiss franc ($4.2 billion) capital injection.

Credit Suisse shares hit fresh record low

The Swiss lender's $4.2 billion share sale and sweeping restructuring were supposed to regain the market's confidence. Instead, more investors are betting against the bank.

Credit Suisse Struggles to Win Back Investors

Client fund outflows at Credit Suisse have partially reversed and very few clients have left entirely, Chairman Axel Lehmann told a Financial Times conference on Thursday.

News for Credit Suisse Stock (CS)