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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The Swiss National Bank endorses the measures Credit Suisse has taken to transform the embattled Swiss bank and shore up its capital, SNB Vice Chairman Martin Schlegel said.

Credit Suisse overhaul welcomed by Swiss National Bank - paper

After months of reflecting, Credit Suisse's chairman Axel Lehmann revealed an overhaul "to rebuild Credit Suisse as a strong

Analysis: Cracks appear in Credit Suisse comeback plans

Credit Suisse Group AG (NYSE:CS ) Q3 2022 Earnings Conference Call October 27, 2022 2:00 AM ET Company Participants Kinner Lakhani - Head of Investor Relations & Group Strategy and Development Ulrich Körner - Chief Executive Officer Dixit Joshi - Chief Financial Officer Conference Call Participants Stefan Stalmann - Autonomous Research Magdalena Stoklosa - Morgan Stanley Kian Abouhossein - JPMorgan Jeremy Sigee - BNP Paribas Amit Goel - Barclays Piers Brown - HSBC Daniele Brupbacher - UBS Kinner Lakhani Welcome everyone. Thank you for joining our Third Quarter 2022 Results Call.

Credit Suisse Group AG (CS) Q3 2022 Earnings Call Transcript

First Foundation

Horizon

Many banks reported third-quarter earnings results this week.

Why Shares of Credit Suisse, Horizon Bancorp, and First Foundation Are Falling This Week

Credit Suisse's has led to the promotion of some senior executives to more powerful roles while others are leaving. The bank is significantly reducing its workforce, cutting overall headcount from around 52,000 at the end of the third quarter to 43,000 by the end of 2025.

Factbox: Who's in and out in Credit Suisse's day of reckoning

Seeking to restore vigour to a business that has been languishing, Credit Suisse says by resurrecting the First Boston brand.

CS First Boston revival comes with talent and capital dilemmas

Credit Suisse Group AG (SWX: CSGN) lost another 20% on Thursday after reporting a massive loss for its fiscal third quarter and announcing a significant strategic overhaul. Details of the announced overhaul That overhaul will see it “radically” restructure its investment bank and tap on strategic investors to raise CHF 4.0 billion in capital.

Credit Suisse stock lost another 20% this morning: detailed here

Executives at Credit Suisse announced their corporate restructuring plan, in conjunction with a disappointing third-quarter earnings report.

Credit Suisse to Restructure

Swiss banking and lending firm Credit Suisse (NYSE: CS ) posted a sizable third-quarter earnings loss earlier this morning. No doubt, that news is disappointing many investors in CS stock.

Credit Suisse (CS) Stock Falls 19% on Layoffs, $4 Billion Loss

The embattled bank's recovery plan was bolder than expected, potentially marking a line in the sand for long-suffering investors.

Credit Suisse Might Have Hit Rock Bottom

Credit Suisse did not tap the Swiss National Bank for extra liquidity when it was experiencing outflows during market turbulence early this month, its finance chief said on Thursday.

Credit Suisse did not tap Swiss National Bank for liquidity during turbulence - CFO

Credit Suisse has announced it will cut 9,000 jobs, raise US$4bn and spin most off its investment bank to try to stop its ongoing losses. Saudi's National Bank will contribute US$1.5bn in the new funding round, which forms part of chief executive Ulrich Koerner's plans to revive the business through a renewed focus on wealth management.

Credit Suisse to axe 9,000 and hive off investment bank

The scandal-plagued Swiss bank promised a massive strategic overhaul Thursday after posting a $4 billion loss that hugely missed earnings estimates.

Credit Suisse stock tanks 12% after the troubled Swiss bank racks up a multibillion loss and vows to overhaul its business

Credit Suisse will raise $4 billion to step back from Wall Street and double down on managing the finances of the world's wealthy, the scandal-plagued Swiss bank said on Thursday.

Credit Suisse announces 'radical' restructuring with Saudi backing

Credit Suisse is exploring the possibility of an initial public offering for its CS First Boston spinoff, a source familiar with the matter told Reuters on Thursday.

Credit Suisse mulls IPO for CS First Boston - source

The second-biggest Swiss bank will raise $4 billion by selling shares to fund its reorganization.

Credit Suisse Unveils Massive Overhaul After Staggering $4 Billion Loss

Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale of a unit, and as many as 9,000 job cuts.

Credit Suisse bringing back ‘First Boston' name as it plans up to 9,000 job cuts

Battered by years of scandals and losses, Credit Suisse plans to , cut thousands of jobs and spin off its investment bank.

Factbox: Credit Suisse's strategic overhaul at a glance

Credit Suisse announced on Thursday aiming to turn the corner on years of scandals, losses and executive upheaval at a financial insitution with deep roots in Swiss business and society.

The evolution of Credit Suisse over 166 years

Credit Suisse said it would raise $4 billion in fresh capital from a Saudi Arabian bank and other investors to fund a retreat from Wall Street and recover from a near-existential crisis.

Credit Suisse Resets With a Retreat From Wall Street

Credit Suisse Group AG outlined its latest strategic plan on Thursday, its latest attempt to rehabilitate its reputation after a series of scandals and multiple quarters of losses.

Credit Suisse to sell parts of securitized assets to Apollo-led investor group, raise up to $4.06 billion via new shares

Credit Suisse, battered by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while slashing thousands of jobs and spinning off its investment bank in an effort to recover from a run of heavy losses.

Credit Suisse set to raise billions in capital after heavy loss

Credit Suisse Group AG on Thursday swung to a larger-than-expected third-quarter net loss, with the bank saying earnings were significantly affected by the continued challenging market and macroeconomic conditions, leading to a weaker performance for its investment bank in particular.

Credit Suisse swings to $4.09 billion loss as revenue drops 30%

Credit Suisse Group lost 4 billion Swiss francs ($4.06 billion) in the third quarter, badly missing the average estimate of 413 million francs in a consensus compiled by the embattled Swiss bank which also unveiled its new strategy.

Credit Suisse posts Q3 loss of 4 bln Swiss francs

Credit Suisse has posted a massive quarterly loss, significantly worse than analyst estimates, as it announced a significant strategic overhaul.

News for Credit Suisse Stock (CS)