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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NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between March 19, 2021 and March 25, 2022, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 28, 2022. SO WHAT: If you purchased Credit Suisse securities during the Class Period

EQUITY ALERT: Rosen Law Firm Encourages Credit Suisse Group AG Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – CS

Credit Suisse securitized a portfolio of loans linked to its wealthiest customers' yachts and private jets.

US law firm sues Credit Suisse for misleading investors, claiming the bank did business with Russian oligarchs

A group of people and entities have filed a class action lawsuit against Credit Suisse, alleging that the Swiss bank misled investors over business dealings related to Russian oligarchs, law firm Pomerantz LLP said.

Credit Suisse sued in U.S. over alleged business related to oligarchs

A Rhode Island pension fund has sued Credit Suisse Group AG former Chairman Urs Rohner and 19 other directors and executives, alleging their failure to manage risk doomed the bank's prime brokerage business to fail with the collapse of Archegos Capital.

U.S. pension fund sues Credit Suisse board over losses in Archegos collapse

Credit Suisse's roughly 10 key investors back the bank's board and its strategy, Chairman Axel Lehmann told Swiss newspaper NZZ.

Credit Suisse board has major investors' backing - chairman

Credit Suisse Group AG (NYSE:CS ) Q1 2022 Earnings Conference Call April 27, 2022 2:15 AM ET Company Participants Kinner Lakhani - Head, IR and Head, Group Strategy & Development Thomas Gottstein - CEO David Mathers - CFO Conference Call Participants Magdalena Stoklosa - Morgan Stanley Flora Bocahut - Jefferies Alastair Ryan - Bank of America Jeremy Sigee - BNP Paribas Exane Daniele Brupbacher - UBS Kian Abouhossein - JPMorgan Amit Goel - Barclays Bank Anke Reingen - RBC Capital Markets Andrew Lim - Societe Generale Stefan Stalmann - Autonomous Research Operator 00:00 Good morning. This is the conference operator.

Credit Suisse Group AG (CS) CEO Thomas Gottstein on Q1 2022 Results - Earnings Call Transcript

CEO Thomas Gottstein told CNBC that letters received by investors had "nothing to do" with sanctions, or loans belonging to members of Putin's inner circle.

Credit Suisse says U.S. authorities will 'absolutely not' find any wrongdoing amid probe into Russian oligarch record shredding

Credit Suisse on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle.

Credit Suisse reports quarterly loss, reshuffles management team as litigation costs bite

ZURICH (Reuters) -Credit Suisse on Wednesday posted a 273 million Swiss franc ($283.6 million) first-quarter loss, extending the embattled lender's losing streak after a slew of scandals and as it announced another set of top management departures.

Credit Suisse announces management reshuffle, Q1 loss

Credit Suisse reports 42% revenue drop, CFO leaving amid reshuffle

Swiss bank Credit Suisse is set to appoint its Asia Pacific investment banking co-head, Edwin Low, as its new chief executive for the region, replacing veteran banker Helman Sitohang, two sources familiar with the matter told Reuters.

Credit Suisse set to appoint Low as Asia Pacific CEO - sources

Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss Sunday newspaper NZZ am Sonntag reported.

Credit Suisse poised to revamp senior management - paper

Credit Suisse warns of another loss as it set aside more money for legal issues

Credit Suisse Group published restated historical financial information on Thursday reflecting its new divisional reporting structure that was announced in November.

Credit Suisse restates results under new divisional reporting structure

The letter asks Credit Suisse to produce documents relevant to a controversial securitization deal by April 11.

Congress launches probe into Credit Suisse after report that it asked investors to destroy documents linked to Russian oligarch finances

The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank's compliance with sanctions on Russian oligarchs.

Credit Suisse faces US probe after telling investors to 'destroy documents' linked to oligarch yacht loans

US lawmakers are probing Credit Suisse Group's compliance with sanctions related to Russia's invasion of Ukraine and have asked the Swiss bank to provide all relevant documentation.

Lawmakers probe Credit Suisse on compliance with Russia sanctions

U.S. lawmakers have launched a probe into Credit Suisse Group AG's compliance with sanctions related to Russia's invasion of Ukraine and asked the Swiss bank to hand over any information related to it, according to a Wall Street Journal report on Monday.

Lawmakers probe Credit Suisse on compliance with Russia sanctions - WSJ

Credit Suisse stopped pursuing new business in Russia after the invasion of Ukraine on Feb. 24, the Swiss bank said on Monday in an internal document seen by Reuters.

Credit Suisse has stopped pursuing new client business in Russia

Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving senior executives from losses racked up in the Greensill affair, The Financial Times reported on Sunday.

Some Credit Suisse shareholders don't want to absolve executives of Greensill losses - FT

Credit Suisse Group AG (NYSE:CS) has lost a long-running court case against a former prime minister of Georgia over funds stolen by a former employee of the Swiss bank, the Financial Times reported. It now faces having to pay in excess of US$500mln once the court in Bermuda releases its findings.

Credit Suisse reportedly faces US$500mln payout after losing Bermuda court battle

UBS Group AG

UBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis, Swiss financial watchdog FINMA said on Thursday.

UBS and Credit Suisse make further progress in emergency plans - regulator

Credit Suisse Group said on Wednesday that a court in Bermuda was poised to rule against a local life insurance subsidiary of the Swiss bank that could potentially total more than $500 million.

Credit Suisse flags potential hit from Bermuda court ruling

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Credit Suisse's stock has lost approximately 16% YTD as compared to the 7% drop in the S&P500 over the same period. Further, at its current price of $8 per share, it is trading 17% below its fair value of just above $10 – Trefis' estimate for Credit Suisse's valuation.

News for Credit Suisse Stock (CS)