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 expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion) during its fourth quarter, the embattled Swiss bank said on Wednesday, as it prepares to ask shareholders for permission to raise new equity.

Credit Suisse expects Q4 pre tax loss of around 1.5 billion Sfr

Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with knowledge of the matter told Reuters, as part of a global restructuring and as its China business slows.

Credit Suisse lays off one-third of China-based investment bankers - sources

The bank is finally being forced into making long-overdue changes.

Everyone's Down On Credit Suisse. Here's Why I Love It.

The Swiss arm of Credit Suisse's investment bank will be largely unaffected by the restructuring plan the bank announced last month, said Jens Haas, head of investment banking Switzerland.

Credit Suisse's Swiss investment bank to be spared in overhaul

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High inflation and soaring interest rates have been the main factor behind the double-digit stock downturn so far this year, but alongside these macro factors, many stocks have plunged due to more company-specific issues—for example, corporate scandals. These scandals run the gamut, both in the type of scandal and the severity of the scandal.

7 Stocks Rattled by Corporate Scandals and Shenanigans in 2022

Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it seeks to derisk its investment bank and divert capital to its core businesses.

Credit Suisse strikes deal to sell securitized-products group to Apollo

Credit Suisse said on Tuesday it has finalised the sale of most of its Securitized Products Group and related financing businesses to U.S. buyout fund Apollo Global Management - a key part of a sweeping revamp for the Swiss bank.

Credit Suisse to sell bulk of Securitized Products Group to Apollo

Credit Suisse's recent decision to exit certain investment banking activities is drawing scrutiny from at least two investors and a proxy adviser who told Reuters they are worried about how the Swiss bank managed potential conflicts of interest of two directors.

EXCLUSIVE Credit Suisse overhaul draws scrutiny from some investors, proxy adviser over governance

Credit Suisse has cut eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the matter said, just weeks after the Swiss bank announced a major global restructuring plan.

Credit Suisse trims 8 jobs in Southeast Asia, part of regional cuts-sources

The re-emergence of the 2014 tax cheating case is the latest challenge for the Swiss lender's new management team.

Credit Suisse Faces Fresh Pressure Over Untaxed Americans

Credit Suisse was set to raise a total of $5 billion from two debt sales on Wednesday but was forced to pay up to attract investors after a string of scandals and a broader rise in market borrowing costs.

Credit Suisse set to raise $5 bln from two new debt issues

The investment bank suffered due to lower underwriting activity and a decrease in sales & trading revenues.

Credit Suisse Stock Missed The Street Expectations In Q3, What To Expect?

Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday.

Credit Suisse warns of potential profitability drop

Credit Suisse's board of directors has decided not to cancel more than 25 million shares it repurchased under a buyback programme halted last year, and will instead use them to service employee participation plans, the bank said on Wednesday.

Credit Suisse to use repurchased shares for employee plans

Credit Suisse has been knocked down to near-junk bond status by S&P Global, as the bank deals with risk related to its restructuring plans.

S&P Global slashes Credit Suisse's rating to near-junk status as the European bank struggles against 'material execution risks'

S&P Global Ratings has downgraded Credit Suisse Group's long-term credit rating to one step above junk bond status, citing "material execution risks" in the Swiss bank's efforts to get back on solid ground after a series of scandals and losses.

S&P cuts Credit Suisse Group rating to one step above junk status

The Qatar Investment Authority plans to raise its stake in Swiss lender Credit Suisse Group AG by investing in a share sale alongside the Saudi National Bank , the Financial Times reported, citing people with knowledge of the talks.

Qatar Investment Authority plans to raise stake in Credit Suisse - FT

Credit Suisse is forging ahead with expansion in China, with the country and Hong Kong set to see strongest pace of headcount growth in Asia, its regional head said, even as the Swiss bank's turnaround strategy leads to job losses elsewhere.

Credit Suisse plans to push ahead with China expansion after overhaul

Capstone Copper Corp. (OTCPK:CSCCF) Q3 2022 Results Conference Call October 31, 2022 11:00 AM ET Company Participants Jerrold Annett - SVP, Strategy and Capital Market John MacKenzie - CEO Raman Randhawa - CFO Cashel Meagher - President and COO Wendy King - SVP Risk ESG and General Counsel Conference Call Participants Dalton Baretto - Canaccord Orest Wowkodaw - Scotia Bank Ralph Profiti - Eight Capital Stefan Ioannou - Cormark Securities Craig Hutchinson - TD Securities John Tumazos - John Tumazos Very Independent Research Operator Good morning. My name is Joanna, and I will be your conference operator today.

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Saudi National Bank intends to bring the Swiss lender deeper into the kingdom's financial markets after cinching a deal to become its largest shareholder.

What Saudi Arabia's Biggest Bank Wants With Credit Suisse

Credit Suisse on Monday said qualified investors have committed to buying 462 million new shares at a purchase price of 3.82 Swiss francs ($3.83), as it announced details of its capital hike.

Credit Suisse prices shares in capital hike at 3.82 francs

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Credit Suisse Group AG is reducing its workforce by 5% in the fourth quarter and plans to trim its headcount even more by 2025, the company said Thursday.

Credit Suisse cutting 2,700 jobs in fourth quarter, expects more by 2025

Michael Klein, matchmaker to powerful companies and investors, will now begin a third act—as a major Wall Street CEO at CS First Boston.

Credit Suisse Looks to Rainmaker to Revive Investment Bank

Credit Suisse Group's newly created investment bank, CS First Boston, will advise on mergers and acquisitions, raise capital for clients through equity and debt markets, and provide leveraged finance as part of its core offerings, according to an internal memo seen by Reuters. "CS First Boston will be global with a presence in all regions where it has a competitive advantage," David Miller, global head of CS First Boston, wrote in a memo to staff.

News for Credit Suisse Stock (CS)