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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Deutsche Bank is the latest to spark concern, and it follows the recent collapses of Silvergate, Silicon Valley Bank, Signature and Credit Suisse.

4 banks have collapsed in less than a month. Here's what Jerome Powell, Nouriel Roubini, Elon Musk and others are saying about the turmoil.

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The integration team tasked with merging Switzerland's two largest banks is to be headed by UBS's chief technology officer and Credit Suisse's chief operating officer, the Tages-Anzeiger newspaper reported on Saturday.

UBS's Dargan and Credit Suisse's McDonagh to lead merger -newspaper

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Insider's Phil Rosen interviews the CEO of Girls Who Invest, and breaks down the latest news in the ongoing banking tumult.

Deutsche Bank, Credit Suisse, and what to know about the financial turmoil — and how one company is working to boost the number of women on Wall Street

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Some of the biggest names in investing held Credit Suisse's AT1 bonds, which were marked down to zero by the Swiss regulator a week ago.

Bond giants Pimco and Invesco are facing losses of hundreds of millions on rotten Credit Suisse debt

Ulrich Körner acknowledges an ‘emotional and challenging week' after deal was forced through by Swiss authorities

Head of Credit Suisse talks of his profound sadness over UBS takeover

LOS ANGELES, CA / ACCESSWIRE / March 24, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Credit Suisse Group AG ("Credit Suisse" or "the Company") (NYSE:CS) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 10, 2022 and March 15, 2023, inclusive (the ''Class Period''), are encouraged to contact the firm before May 8, 2023.

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Credit Suisse Group AG with Losses of $100,000 to Contact the Firm

Credit Suisse, UBS and some U.S. banks are reportedly being investigated. Individuals at the two Swiss banks and the unspecified major U.S. banks were recently sent subpoenas by the U.S. Department of Justice (DOJ), which is looking into possible dealings with Russian oligarchs, Bloomberg reported Friday (March 24), citing unnamed sources.

Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation

Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.

Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads

Confidence in European banks deteriorated further on Friday, with the cost of insuring against a debt default rising sharply as the profit outlook for the sector dimmed.

Confidence in European banks plunges again as profit outlook dims

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Credit Suisse was forced to sell itself last weekend to UBS. First Republic is scrambling for lifelines that come with the least dilution for shareholders.

Why Credit Suisse and First Republic Crashed, but This Other Regional Bank Soared This Week

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If the Swiss National Bank's plan when it forced Credit Suisse to merge with UBS was to spark a full-blown global bank crisis, it's hard to argue that it's not done a good job. European and US bank shares were tanking today, with experts laying blame fairly and squarely on the deal by the SNB to rescue Credit Suisse.

Bank shares slide as Swiss action reverberates far and wide

Some bankers and traders are grappling with how to interact with Credit Suisse across various markets including debt and foreign exchange, with some increasing their scrutiny when dealing with the Swiss bank or its products, sources said.

Banks scrutinize Credit Suisse products, interactions after takeover

Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS.

Explainer: Why markets are in uproar over a risky bank bond known as AT1

The decision to wipe out Credit Suisse's US$17bn Additional Tier 1 (AT1) bonds as part of its takeover by rival USB will have "profound" implications for global bank regulations, Standard Chartered chief Bill Winters told a financial forum in Hong Kong on Friday. Winters questioned the process by which regulators assess the financial health of financial institutions, noting that the banks at the centre of the recent market turmoil – Silvergate, Silicon Valley Bank and Credit Suisse – “would appear to have been solvent”, if not liquid.

Credit Suisse bond wipeout has ‘profound' regulatory implications, says Standard Chartered chief

Europe's banking stocks tumbled Friday in a sign that investors are still nervous that the recent crises at some banks could spill over into the wider sector.

European bank stocks sink as fear returns

UBS may be able to cut costs once it buys Credit Suisse, but first it will have to grapple with declining revenue, analysts said in notes expressing caution over the deal.

‘It may well get worse before it gets better.' Analysts say UBS will face revenue pressure before it can cut Credit Suisse costs.

iShares MSCI Switzerland ETF

Franklin FTSE Switzerland ETF

First Trust Switzerland AlphaDEX Fund

The dramatic "takeover" of Credit Suisse by UBS has highlighted Switzerland's rather distinctive approach to bank capital. Documentation for Credit Suisse's Sfr16bn AT1 bonds - now worth zero - appear to allow a full write-down of the instruments without shareholders absorbing complete losses.

A Swiss CDS Story

Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.

The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?

UBS promised retention packages to wealth management staff in Asia at Credit Suisse , two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its former Swiss rival.

UBS offers retention packages to Credit Suisse Asia wealth bankers -sources

Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse's $17 billion Additional Tier 1 bonds wipeout had "profound" implications for global bank regulations.

StanChart CEO says Credit Suisse bond wipeout had profound impact

The stability of the global banking industry has come under scrutiny as several high-profile banks have faced financial challenges over the past few weeks. The financial sector as a whole is facing significant challenges that few paid proper attention to until the failure of Silicon Valley Bank ( SIVB , Financial) and the collapse of Credit Suisse ( CS , Financial).

The Banking Crisis Is Here

NEW YORK , March 23, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed an amended complaint on behalf of purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between March 10, 2022 and March 20, 2023 , both dates inclusive (the "Class Period"). The Class Period was expanded to include more investors.

ROSEN, A LONGSTANDING AND TRUSTED FIRM, Encourages Credit Suisse Group AG Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - CS

Credit Suisse AG and UBS group AG are among the banks under scrutiny in a U.S. Justice Department investigation into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg News reported on Thursday

Credit Suisse, UBS among banks facing U.S.'s Russia-sanctions probe -Bloomberg News

The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG a person familiar with the matter told Reuters on Thursday.

Exclusive: N. American fixed income group won't take legal action over Credit Suisse AT1 fiasco-source

The Swiss authorities and UBS Group AG are racing to close the takeover of Credit Suisse Group AG within as little as a month, according to two sources with knowledge of the plans, to try to retain the lender's clients and employees.

News for Credit Suisse Stock (CS)