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 (CS) projects a CHF 4.4 billion financial hit on account of the Archegos Capital Management crisis.

Credit Suisse (CS) Expects to Report Q1 Loss on Archegos Fallout

Thomas Gottstein may have acted decisively enough this week to stay as Credit Suisse chief executive, but investors are likely to require more radical action after the bank's $4.7 billion loss from the Archegos hedge fund scandal.

Analysis: Credit Suisse in search of new map after losing way with Archegos

Credit Suisse Group AG (NYSE: CS) bounced off their Tuesday morning lows to trade slightly higher in early afternoon trading. However, in a new note to clients, JPMorgan analyst Roberto Henriques urged investors to avoid buying the stock on the Archegos Capital dip.

Credit Suisse Isn't Out Of The Woods Yet

Boston, Massachusetts--(Newsfile Corp. - April 6, 2021) - Berman Tabacco, a national law firm representing investors, is investigating potential violations of the federal securities laws by Credit Suisse Group AG ("Credit Suisse" or the "Company") (NYSE: CS). On March 29, 2021, before the market opened, Credit Suisse issued a press release disclosing that "[a] significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks. Following...

Berman Tabacco Launches Investigation into Potential Securities Claims Against Credit Suisse Group AG (CS) Concerning U.S.-Based Hedge Fund Matter

The structure of Credit Suisse's investment bank will be scrutinised closely by incoming chairman Antonio Horta-Osorio, CEO Thomas Gottstein told a newspaper, as the bank aims to boost risk management after billions in losses on U.S fund Archegos.

Credit Suisse's investment banking to be scrutinized by new chairman: CEO

PACCAR

Romeo Power

Romeo Powers Up the Stock Market, but This Bank's Feeling Hedge Fund Pain Tuesday

In an announcement on Tuesday, Credit Suisse Group AG (ETR: CSX) said it will take a hit worth £3.41 billion attributed to dealings with the New York investment fund, Archegos Capital Management. Credit Suisse opened at £8.04 per share on Tuesday and closed the regular session at £7.84 per share after touching an intraday low […] The post Credit Suisse to take a £3.41 billion hit from Archegos scandal appeared first on Invezz.

Credit Suisse to take a £3.41 billion hit from Archegos scandal

IMF Raises U.S. and Global Growth Forecast.

IMF Raises U.S. and Global Growth Forecast

Credit Suisse Group AG (NYSE: CS) shares traded lower Tuesday morning after the bank announced a $4.7-billion charge tied to the meltdown of U.S. hedge fund Archegos Capital. One Wall Street analyst responded by downgrading Credit Suisse for the second time in just over a week.

BofA Downgrades Credit Suisse Again: Archegos Losses 'Double What We Expected'

Its board is taking several swift actions, including slashing the dividend, waiving bonuses, suspending share repurchases, and announcing executive departures.

Credit Suisse to Take Big Loss and Cut Dividend Following Archegos Debacle

Credit Suisse Group AG (NYSE: AG) has announced a shake-up of its upper executive level following the consecutive disasters it absorbed from the collapse of the Archegos Capital Management hedge fund and the freezing of $10 billion in investment funds connected to Greensill Capital, a failed British-based supply chain finance firm. A Change Of Players: The Swiss-headquartered lender said Brian Chin, CEO of its investment bank, will resign from the executive board on April 30 while Lara Warner, chief risk and compliance officer, is stepping down effective Tuesday.

Credit Suisse Rearranges C-Suite Following Back-To-Back Catastrophes

Archegos Capital Management's massive blowup cost Credit Suisse $4.7 billion, the Swiss bank revealed Tuesday as it pushed out two top executives in the scandal's wake. Credit Suisse said it expects to post a roughly $959 million loss for the first quarter following the giant margin call that forced Archegos — the family investment office.

Credit Suisse reveals $4.7B hit from Archegos chaos, replaces execs

The stock price of Credit Suisse Group AG (NYSE: CS) increased slightly more than 1% during the pre-market. This is why it happened.

Credit Suisse Stock Price Increases Slightly Pre-Market: Why It Happened

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: Inside how senior employees at Credit Suisse are unhappy with the Swiss bank's leadership in the wake of the Archegos mess.  Check out our upcoming webinar on everything you need to know about the future of proptech. Our list of the top 100 seed-stage investors.  If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

Angry Credit Suisse bankers — Top 100 early-stage investors — Future of proptech

Credit Suisse announced how much it has lost from the meltdown of Archegos Capital Management as two high-ranking executives announced their resignations.,

Credit Suisse Records $4.7 Billion Hit From Archegos as Two Executives Depart

The collapse last month of US hedge fund Archegos Capital cost Credit Suisse nearly $4.7 billion and two of the bank's top executives their jobs.

Credit Suisse execs out as bank takes $4.7 billion hit from Archegos collapse

Credit Suisse has substantially reduced the vast bulk of its exposure to Archegos, a source familiar with the matter said, adding some residual risk remained despite its positions having been substantially eliminated.

Credit Suisse has closed bulk of exposure to Archegos - source

Things must be bad at accident-prone investment bank Credit Suisse as it is cutting bonuses as well as axing senior executives. The Swiss bank has had a torrid few weeks in which it took collateral damage from the collapse of Greensill Capital, the supply chain finance specialist, and Archegos, the US hedge fund, and some people were sure to pay the price; those people appear to be its chief risk officer, Lara Warner, and Brian Chin, its investment banking boss, who will leave the bank this month.

Credit Suisse defenestrates two top executives and cancels bonuses as it pledges to learn "serious lessons"

Directors' bonuses scrapped as chief risk officer and investment bank chief exit

Credit Suisse executives depart after Archegos and Greensill losses

Credit Suisse warned on Tuesday it expects to suffer a $4.6 billion charge to its first-quarter profits following the failure of a US-based hedge fund to meet its margin requirements. The European lender sees an overall loss of $958 million for the first quarter after two significant crises this year. The Archegos blow-up led to major losses for the bank's unit that services hedge funds, according to media reports. Prior to that, Credit Suisse terminated $10 billion of supply-chain finance funds linked to troubled financier Lex Greensill.

Credit Suisse warns of a $4.6 billion charge after Archegos blow-up — and says several top executives are leaving

The Swiss banking giant will also replace two of its executives and slash bonuses for other top executives along with dividends.

Credit Suisse Takes $4.7 Billion Hit Following Archegos Collapse

Credit Suisse Group on Tuesday announced an estimated charge of 4.4 billion Swiss francs ($4.7 billion) from its relationship with Archegos Capital Management LP, suspended a share buyback programme and cut its proposed dividend.

Credit Suisse estimates Archegos fallout at $4.7 billion, overhauls executive board

Credit Suisse Group AG reported a $4.7 billion hit from the meltdown of Archegos Capital Management, slashed its dividends, and said its investment banking and risk chiefs would leave the bank. Write to Margot Patrick at margot.patrick@wsj.com

Credit Suisse takes $4.7B hit on Archegos meltdown

Investment Bank CEO Brian Chin and Chief Risk and Compliance Officer Lara Warner will step down from their roles with immediate effect.

Credit Suisse cuts dividend on hit from Archegos hedge fund scandal; investment bank head and chief risk officer step down

Credit Suisse on Tuesday said it was replacing senior managers and reducing proposals for its 2020 dividend and executive compensation as it grapples with the estimated 4.4 billion Swiss franc ($4.69 billion) fallout from its relationship with Archegos Capital Management LP.

News for Credit Suisse Stock (CS)