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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ZURICH (Reuters) -Credit Suisse shook up its board on Monday, including the departure of its influential vice chair Severin Schwan, as it attempts to draw a line under a series of damaging scandals.

Scandal-hit Credit Suisse shakes up board with Schwan exit

Around 4% of the assets Credit Suisse manages in wealth management belong to Russian clients, Chief Executive Thomas Gottstein said on Tuesday.

Credit Suisse CEO says 4% of bank's wealth management assets held by Russians

Lenders on the continent are well capitalized to be able to weather the fallout from the crisis, say analysts.

With War in Their Backyards, European Banks Seek to Reassure Investors

BNP Paribas SA

Citigroup

Deutsche Bank

Goldman Sachs

UniCredit SpA

Goldman Sachs is the first major Western bank to get out of Russia following the invasion of Ukraine. More are likely to follow at a cost of tens of billions of dollars.

Loss: Russia owes Western banks $120 billion. They won't get it back

NEW YORK, March 10, 2022 /PRNewswire/ -- National investment fraud lawyers KlaymanToskes is investigating potential FINRA arbitration claims on behalf of investors who suffered losses from using Russian assets as collateral through Credit Suisse (NYSE: CS) in light of the ongoing Ukraine-Russia crisis. Credit Suisse reportedly asked wealthy customers to post additional collateral after cutting lending values on Russian securities as the financial fallout continues across domestic and global markets.

CREDIT SUISSE RUSSIAN STOCK MARGIN CALL INVESTOR ALERT: National Investment Fraud Lawyers KlaymanToskes Launches Investigation of Swiss Investment Firm's Margin Risk Management Practices in Light of the Ongoing Ukraine-Russia Crisis

Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel assets.

Credit Suisse faces investor call to cut lending for fossil fuels

A Swiss member of parliament has filed a criminal complaint against Credit Suisse, he told Reuters on Friday, asking the country's attorney general to investigate potential sanctions violations after the Financial Times this week reported the bank had asked investors to destroy documents linked to loans to Russian oligarchs.

Swiss politician files criminal complaint against Credit Suisse

Credit Suisse has named Saad Rawra as its head of clean-energy technology banking and Canadian head of diversified industries group to help drive the Swiss bank's growing global energy tech franchise, according to a memo seen by Reuters.

Credit Suisse names Rawra head of clean tech banking for Canada - memo

Credit Suisse Group AG joined creditors of Greensill Capital by filing lawsuits in Australia seeking compensation from the country's biggest insurer over the supply chain financier's collapse, court filings showed.

Credit Suisse files lawsuits against Australia's IAG over Greensill collapse

Credit Suisse's Private Banking Switzerland will be part of its Swiss business from April 1 rather than of the newly created wealth management unit, the bank said in an internal memo on Monday, making first changes to a new structure presented in November.

Credit Suisse's Private Banking Switzerland to be part of Swiss business

France's Societe Generale and Switzerland's Credit Suisse Group have halted the finance of commodities trading from Russia as the Ukraine war fueled concerns about the widening impact of sanctions, Bloomberg News reported on Sunday citing people familiar with the matter.

SocGen, Credit Suisse halt Russian commodity trade finance deals - Bloomberg News

Credit Suisse Group AG is trying to help the U.S. Department of Justice potentially build a case related to block trading against rivals Morgan Stanley and Goldman Sachs Group Inc, Bloomberg News reported on Friday.

Credit Suisse tries to aid U.S. block-trading probe of rivals -Bloomberg News

Credit Suisse pushed back Sunday after multiple media outlets reported that the Swiss investment bank had clients that included criminals, alleged human rights abusers and parties facing sanctions.

Credit Suisse pushes back on reports of controversial accounts

Leak gives details on more than 18,000 accounts collectively holding more than $100 billion

Credit Suisse Denies Wrong Doing After Vast Data Leak

Credit Suisse Group AG (NYSE:CS) said it “strongly rejects” allegations of wrongdoing after a huge leak of data revealed the records of thousands of clients stretching back decades, leading to allegations that clients included human rights abusers and businessmen who were under sanctions Information on thousands of accounts was leaked to Germany's Sueddeutsche Zeitung, which shared it with the Organized Crime and Corruption Reporting Project and 46 other news organisations including the Guardian and the New York Times. The New York Times said the leaked data covered more than 18,000 accounts collectively holding more than US$100bn.

Credit Suisse rejects wrongdoing after fallout from data leak

Startling revelations from a Credit Suisse Group AG (NYSE: CS) whistleblower has exposed the hidden wealth of the bank's clients, some of them unsavory.  The leaked data from Credit Suisse, Switzerland's second-biggest bank, discloses details on more than 30,000 clients.

Credit Suisse Leak Reveals Details On 30,000 Bank Clients; 18,000 Accounts With Possible Criminal Ties

Credit Suisse said on Sunday it "strongly rejects" allegations of wrongdoing after dozens of media published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held there in previous decades.

Credit Suisse denies wrongdoing after client data leaked to media

Credit Suisse is aiming to make a profit this year, Chief Executive Thomas Gottstein told Swiss newspaper Finanz und Wirtschaft in an interview published on Friday.

Credit Suisse expects profit this year -CEO tells Swiss newspaper

Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped billions off its market value and piled pressure on management.

No sign of light at end of tunnel for Credit Suisse investors

Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, has agreed to pay $81 million, the first to agree to settle, the law firm Cohen Milstein Sellers & Toll PLLC said in a release.

Credit Suisse entities agree to settle lawsuit in U.S. for $81 million - court filing

U.S. Democratic Senators Elizabeth Warren and Tina Smith have asked the Department of Labor to deny Swiss lender Credit Suisse Group AG a regulatory exemption related to its management of retirement funds as a result of a Justice Department settlement for bribery, according to a letter seen by Reuters on Friday.

Senator Warren asks U.S. Labor Dept. to deny Credit Suisse exemption after bribery settlement

Credit Suisse Group AG (CS) CEO Thomas Gottstein on Q4 2021 Results - Earnings Call Transcript

Credit Suisse's bonus pool fell 32% in 2021, the bank said on Thursday, as the bank slashed regular deferred awards following a string of scandals, but senior bankers' pay was sweetened by a surge in upfront cash and a one-off bonus.

Credit Suisse sweetens deal for senior bankers with 800 million Sfr in upfront cash

The bank warns it still faces headwinds in 2022 due to high restructuring and compensation costs.

News for Credit Suisse Stock (CS)