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 sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in roughly seven years as it attempts a radical overhaul of its investment bank.

EXCLUSIVE Credit Suisse sounds out investors about capital hike - sources

Swiss bank Credit Suisse is reportedly considering splitting its investment bank into three as part of a new strategy to save itself from years of scandal.

Credit Suisse mulling investment bank split into three: report

Swiss bank Credit Suisse Group AG has drawn up plans to split its investment bank in three, the Financial Times reported on Thursday.

Credit Suisse considers splitting investment bank in three - FT

Credit Suisse has been exploring ways to revive its once sterling investment bank and one way of accelerating the rebrand, according to a Bloomberg report, is to bring back a name it retired 17 years ago: First Boston.

Credit Suisse eyes reviving investment banking brand First Boston: report

Credit Suisse Group AG reached a $32.5 million settlement to resolve a lawsuit accusing the Swiss bank of misleading shareholders about how well it managed risk, including its exposure to "high-risk" clients such as Archegos Capital Management.

Credit Suisse settles U.S. shareholder lawsuit over risk exposure, Archegos

Credit Suisse's Singapore trust unit admitted it broke its duties when a private banker defrauded a prominent client over years.

Former Georgia prime minister sues Credit Suisse for $800 million

Credit Suisse's Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other parts of the bank, its head said in a media interview published on Tuesday.

Credit Suisse exec: Swiss bank not main focus for cost savings

Credit Suisse (CS) enters a deal to buy its 49% stake in its China securities JV from Founder Securities, following which it will have full ownership of its onshore securities venture.

Credit Suisse (CS) to Own 100% of China Securities Joint Venture

Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its commitment to the world's second-biggest economy amid doubts about the scandal-hit Swiss bank's plans.

Credit Suisse strikes deal to buy out China joint venture partner

Credit Suisse (CS) will sell its global trust business to Butterfield and Gasser Partner individually.

Credit Suisse (CS) Signs Deals With Butterfield, Gasser Partner

Credit Suisse Group AG (NYSE:CS) agreed to sell its global trust business, which provides offshore services to wealthy clients, as it embarks on a restructuring of its business in the wake of a string of scandals. A billion-dollar lawsuit involving the Swiss bank's trust arm in Singapore sparked the sale, with the investment bank aying it will wind down its legal entities and "residual businesses" in the coming years.

Credit Suisse to sell its offshore trust businesses as restructuring starts

European shares climbed on Tuesday, following a rough start to the week as worries over a looming energy crisis and recession weighed on risk appetite, while Credit Suisse Group rose after the lender agreed to sell its global trust business.

European shares steady after plunge, Credit Suisse up

Credit Suisse Group has agreed to sell its global trust business to The Bank of N.T. Butterfield & Son Limited and Gasser Partner Trust, the parties said in a joint statement https://www.credit-suisse.com/media/assets/corporate/docs/about-us/media/media-release/2022/09/joint-media-release-cst-20220906-en.pdf on Tuesday that gave no financial details.

Credit Suisse sells its global trust business

After the disastrous Q2 performance, Credit Suisse launches cost-saving measures. The company denied commenting on a restructuring plan that might affect 5000 employees.

Credit Suisse: Same Old Story

Credit Suisse will expand in Qatar via a partnership with the Gulf country's Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday.

Credit Suisse expands in Qatar, launches tech hub

Credit Suisse began its defence in a Singapore court on Monday against a lawsuit filed by former Georgian Prime Minister Bidzina Ivanishvili alleging the bank's local trust did not properly protect his family's investments, leading to losses.

Credit Suisse defends lawsuit from ex-Georgian PM in Singapore court

Credit Suisse looks to cut jobs after scandals that include failed investments, COVID-19 rules violation by chairmen, and potential dodging of sanctions on Russia.

Credit Suisse looking at cutting around 5,000 jobs

Credit Suisse (CS) is looking to cut 5,000 jobs in an effort to reduce costs as the bank is facing losses because of scandals and setbacks that it has had to go through.

Credit Suisse (CS) to Cut Jobs as Part of Cost-Saving Move

SoftBank Group Corp

Forbes is tracking the biggest layoffs in the U.S. this summer as companies react to fears of a looming recession.

Credit Suisse, SoftBank Reportedly Planning Layoffs. Here Are The Major Job Cuts Amid Growing Recession Fears

Swiss bank Credit Suisse is considering eliminating around 5,000 jobs across the group as part of a cost-cutting initiative. A source told Reuters the number of reductions could still change as discussions are ongoing.

Credit Suisse weighs slashing 5,000 jobs - report

Credit Suisse, which has been buffeted by a string of scandals, management changes and global strategy rejigs, is still betting big on China and plans to launch a wealth business there next year, a senior Asia executive said.

Exclusive-Embattled Credit Suisse aims to launch China wealth business next year

The bank's new CEO is tasked with scaling back investment banking and cutting more than $1 billion in costs.

Scandal-plagued Credit Suisse weighs cutting 5,000 jobs

Credit Suisse is weighing plans to eliminate around 5,000 jobs across the group -- around one job in 10 -- as part of a cost-cutting drive at the bank, a source with direct knowledge of the matter told Reuters.

Credit Suisse weighs cutting around 5,000 jobs - source

Credit Suisse plans to cut 3,200 jobs in Zurich as part of a cost-cutting drive at the bank, Swiss newspaper Blick reported on Thursday, citing an unnamed company source.

Credit Suisse plans 3,200 job cuts in Zurich - Blick paper

GameStop

Shareholders of Credit Suisse Group AG ( CS , Financial) and GameStop Corp. ( GME , Financial) have seen their stocks fall dramatically over the past year, significantly underperforming the S&P 500 Index. It also seems the profitability of these companies is not improving, while financial conditions could be much better.

News for Credit Suisse Stock (CS)