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 not out the woods just yet.

Credit Suisse got its lifeline. Investors are unconvinced

The $50 billion-plus lifeline that Credit Suisse tapped this week was meant to assuage worries about the Swiss lender. Wall Street is still wary.

Wall Street Casts Wary Eye on Credit Suisse

DBRS Morningstar cut Credit Suisse's credit score Thursday, amid concerns it may default on its debt.

Credit Suisse shares slide 10% as the shine of its rescue package wears off

Credit Suisse shares opened down 5% Friday after soaring over the previous session.

Credit Suisse sheds another 5% as traders digest emergency liquidity

Credit Suisse shares CSGN, -4.23% fell 5% in Zurich trade after a flattish start, with attention on the health of the Swiss banking giant. Its stock has dropped 29% this year on worries over its health after five consecutive losing quarters and about $100 billion of outflows from wealthy clients in the fourth quarter.

Credit Suisse shares fall to cap rough week

UBS Group AG

UBS Group AG (NYSE:UBS) and Credit Suisse Group AG (NYSE:CS) are reportedly opposed to the idea of an enforced merger, as authorities in Switzerland play out scenarios for a government-orchestrated tie-up,  According to Bloomberg, citing sources, UBS would prefer to focus on its wealth-centric standalone strategy and is reluctant to take on risks related to Credit Suisse. The smaller of the two banks is seeking time to see through its turnaround after securing £44.5bn in liquidity from the Swiss National Bank, it said.

UBS against potential forced merger with Credit Suisse

Credit Suisse shares were down 4% at 0910 GMT on Friday having opened 1.8% higher in volatile trade.

Credit Suisse shares shed early gains, tumble 4%

Complaint claims bank made ‘materially false and misleading statements' in 2021 annual report

Credit Suisse hit by legal action from US investors amid banking turmoil

US shareholders of Credit Suisse Group AG (NYSE:CS) filed a class-action lawsuit against the Swiss bank on Thursday, accusing it of defrauding them by hiding issues related to its finances, according to multiple reports citing court papers. The plaintiffs claim that Credit Suisse failed to reveal "significant" customer outflows and material weaknesses in its internal controls over financial reporting.

Credit Suisse's US shareholders file class-action lawsuit against the bank

Credit Suisse sees its access to 50 billion Swiss francs ($53.98 billion) of central bank funding as "precautionary liquidity" to allow the embattled lender to continue its revamp, the head of its Swiss business said.

Credit Suisse sees central bank cash as buying time for overhaul- executive tells SRF

Credit Suisse received a liquidity lifeline from the Swiss National Bank on Wednesday after its share price plunged to an all-time low.

From spying to Swiss bailout: How years of turbulence at Credit Suisse came to a head

NEW YORK , March 16, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between March 10, 2022 and March 15, 2023 , both dates inclusive (the "Class Period"). The Class Period was expanded to include more investors.

CS EQUITY ALERT: ROSEN, A LEADING LAW FIRM, Expands Class Period to Include More Investors of Credit Suisse Group AG Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action - CS

First Republic

Reports that major U.S. banks would step in to help First Republic Bank helped stocks swing higher Thursday.

Stock Market Today: Stocks Rally on Credit Suisse, First Republic Bank Rescue News

DBRS Morningstar became the first global rating agency to cut Credit Suisse's credit score on Thursday, less than a day after a major share price plunge saw Switzerland's central bank provide emergency support to the lender.

DBRS Morningstar cuts Credit Suisse credit rating to 'BBB'

Here's what you need to know about the turmoil at Switzerland's second-largest bank by assets and what might happen next.

Why Is Credit Suisse in Trouble?

Credit Suisse Group AG's average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March 14, despite the global banking crisis, the Swiss lender said on Thursday.

Exclusive: Credit Suisse says LCR was unchanged between March 8 and March 14, despite crisis

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS) securities between December 1, 2022 and February 17, 2023, inclusive (the “Class Period”). Credit Suisse investors have until May 8, 2023 to file a lead plaintiff motion.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Credit Suisse Group AG (CS)

Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble.

Credit Suisse: Why it's struggling and why that's a big deal

Credit Suisse Group AG told staff on Thursday that the emergency backstop from the Swiss central bank does not trigger a "viability event," according to documents seen by Reuters.

Exclusive: Credit Suisse tells staff SNB facility does not trigger a 'viability' event

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS) securities between December 1, 2022 and February 17, 2023, inclusive (the “Class Period”). Credit Suisse investors have until May 8, 2023 to file a lead plaintiff motion.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Credit Suisse Group AG (CS) Investors

The banking whirlwind hasn't stopped for days, with Credit Suisse stock dropping 24.24% on Wednesday after their biggest shareholder, the Saudi National Bank, announced that they wouldn't be providing any additional cash.

Credit Suisse Stock Bounces With $54m Lifeline From Swiss National Bank

Credit Suisse's emergency lifeline from the Swiss central bank hardly lifted the embattled lender's shares on Thursday, only reversing some of this week's heavy losses when investor trust disappeared.

What is next for Credit Suisse after cash lifeline?

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As the banking crisis triggered by the collapse of Silicon Valley Bank unfolds, track the latest financial news and analysis. The post Bank Crisis appeared first on Investor's Business Daily.

Bank Crisis

Credit Suisse Group's (NYSE:CS) troubles will likely lead to a takeover by UBS Group AG (NYSE:UBS), analysts at investment bank JP Morgan believe. In a note to investors, analysts wrote that the embattled Swiss lender had several paths forward, the most probable being an acquisition by UBS.

Credit Suisse facing forced marriage to UBS, broker says

Fears of a global banking crisis aren't going away as Credit Suisse shares nosedived amid investors' shaky confidence in its financial position.

News for Credit Suisse Stock (CS)