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 Group AG (NYSE: CS) shares were losing ground Monday after the bank warned investors that its first-quarter earnings could take a big hit due to the unwinding of a U.S. hedge fund. The near-term uncertainty was enough for at least one Wall Street analyst to downgrade Credit Suisse on Monday.

Credit Suisse Stock Buybacks 'Directly Affected' By Hedge Fund Liquidation: Analyst

Deutsche Bank

Goldman Sachs

Morgan Stanley

Nomura Holdings

The weakness in ViacomCBS triggered a chain of events where brokers rushed to exit the positions on Archegos' behalf and resulted in a massive margin call.

How Archegos' $20 billion move to flee certain names led to banks' share prices tumbling

Nomura, Credit Suisse and possibly others face billions of dollars in losses as Archegos hedge fund is forced to dump shares. Banking stocks sank.

Banking Stocks Credit Suisse, Nomura Reeling From Archegos Hedge Fund Fire Sale

Australian multinational finance company Greensill Capital filed for Chapter 11 bankruptcy protection in New York last week, days after it filed for insolvency in Britain.

The Greensill Debacle Shines a Spotlight on 'Working Capital'

Investment banks Credit Suisse and Nomura said they would incur significant losses after the U.S.-based hedge fund was forced into a fire sale of assets and defaulted on its margin calls.

These banking giants are headed to major losses after Archegos debacle

Shares in Nomura Holdings Inc. (NYSE: NMR) and Credit Suisse Group AG (NYSE: CS) were both down more than 10% Monday morning after the banks said they face the potential loss of billions of dollars due to a hedge fund's default on margin calls late last week. What Happened: Nomura issued a trading update Monday that highlighted a "a significant loss arising from transactions with a U.S. client," adding that it is "currently evaluating the extent of the possible loss.

Nomura, Credit Suisse Face 'Significant' Losses Following Hedge Fund's Default On Margin Calls

UBS Group AG

Bank stocks like CS stock and NMR stock are stumbling this morning as Wall Street processes what happened with Archegos Capital. The post CS, GS, NMR, MS, DB, UBS: Why Bank Stocks Are Stumbling This Morning appeared first on InvestorPlace.

CS, GS, NMR, MS, DB, UBS: Why Bank Stocks Are Stumbling This Morning

Archegos Capital Management may be linked to possible losses for global banks.

Credit Suisse warns on “highly significant” loss tied to hedge fund

Banks were among the worst performing sectors of the stock market in Europe on Monday, after Credit Suisse said it had racked up undisclosed losses relating to a US hedge fund's mass-liquidation of stocks on Friday that has rattled investors around the globe. Japanese bank Nomura also said it faced "significant loss" of potentially $2 billion due to transactions with an unnamed US client, stripping 16% off its shares by the close of business on Monday.

European banking shares drop after Credit Suisse and Nomura reveal losses linked to US hedge fund stock firesale

Archegos was forced to sell-off positions in Chinese tech and U.S. media stocks last week after defaulting on margin calls.

Nomura And Credit Suisse Warn Of ‘Significant' Losses Following Archegos Fire Sale, Banking Stocks Tumble

Banking investment titans, Nomura (T: 8604) and Credit Suisse (ETR: CSX), said they are facing billions of dollars in losses after US hedge fund Archegos Capital defaulted on margin calls. Fundamental analysis: Banks expect significant losses after a share collapse in a U.S. hedge fund Nomura and Credit Suisse said Monday they were facing substantial […] The post Nomura and Credit Suisse price analysis as US hedge fund defaults appeared first on Invezz.

Nomura and Credit Suisse price analysis as US hedge fund defaults

Major global banks could be hit with billions of dollars in losses after a US investment firm was forced to dump shares last week when it got into financial trouble.

Credit Suisse and Nomura warn of big losses from hedge fund failure

Credit Suisse shares tumbled as much as 14% on Monday after the Swiss bank warned it could suffer a major blow to its first-quarter profits from Archegos Capital Management blowing up. The stock-price slump erased up to 4.5 billion Swiss francs ($4.8 billion) from its market capitalization. The lender said it joined other banks in issuing margin calls to a US-based hedge fund last week, but the firm — confirmed by multiple news outlets to be Archegos — defaulted. Credit Suisse is now working to exit the related positions, and fears the resulting loss could be "highly significant and material" to its first-quarter earnings, due next month.

Credit Suisse loses $5 billion in market value after warning of a big hit from Archegos blowing up

Credit Suisse Group AG said Monday that it could see a "highly significant" impact on its first-quarter results after a U.S.-based hedge fund defaulted on margin calls made by the Swiss bank. Credit Suisse and other banks are in the process of exiting the positions in question, the bank said.

Credit Suisse: Sees hefty loss from US hedge fund

Credit Suisse's first quarter results could suffer a material impact after the bank started exiting positions after a U.S.-based hedge fund defaulted on margin calls it made, the bank said on Monday.

Credit Suisse warns of 'significant' losses from exiting hedge fund positions

Swiss bank Credit Suisse warned Monday of a potential impact to first quarter results, after a margin call from a U.S. hedge fund led it to start exiting positions it had with the firm.

Credit Suisse exits positions with a U.S. hedge fund, warns of 'significant' losses

The stock price of Rocket Companies Inc (NYSE: RKT) has received a price target decrease from $25.81 to $23. These are the details.

RKT Stock Price: $23 Target (Down From $28.81) By Credit Suisse

Credit Suisse (CS) is signaling to separate the asset management unit from the rest of the bank in an effort to contain the consequences of the Greensill scandal.

Credit Suisse (CS) May Spin Off Asset Unit Over Greensill Scandal

Lloyds Banking Group

The collapse of Greensill Capital provides a headache for many people, not least Lloyds Banking Group PLC (LON:LLOY) chief executive, António Horta-Osório. The Lloyds boss is due to take over as chairman of Credit Suisse at the beginning of May.

Greensill Capital debacle the first mess for Lloyds Banking CEO to clear up when he moves to Credit Suisse

Credit Suisse is overhauling its asset management business as it faces regulatory investigations into its dealings with Greensill Capital, warning on Thursday that its results and client confidence could be hit by the finance firm's collapse. Switzerland's second-biggest bank and its asset management arm are reeling from the implosion of around $10 billion of funds related to British supply chain financier Greensill, heaping pressure on CEO Thomas Gottstein.

Credit Suisse is overhauling its asset management business and has suspended bonuses after Greensill collapse

Credit Suisse has pledged to shake up its asset management business and suspend bonuses for several senior executives following the collapse of finance firm Greensill.

Credit Suisse overhauls asset management business and suspends bonuses over Greensill collapse

Credit Suisse (CS) witnessed more than 50% rise in investment banking revenues in the first two months of 2021, which is likely to be partially offset by a charge on business with Greensill Capital.

Credit Suisse (CS) Expects Greensill Charge to Mar IB Boom

VANCOUVER, British Columbia--(BUSINESS WIRE)---- $CS #NI43101--Capstone Files Technical Report for Cozamin Mine

Capstone Files Technical Report for Cozamin Mine

Germany's Credit Suisse had to freeze four Luxembourg-based funds that invested $10 billion in supply chain finance, adding to the fallout from the collapse of London startup Greensill Capital, Reuters reported on Thursday (March 11).  The second-largest bank in Switzerland was a central funding source for the startup, which was co-founded by Jason Austin and Lex […]

Greensill Collapse Prompts Credit Suisse To Freeze Four Funds

Credit Suisse said on Thursday it froze four funds in its asset management unit that had invested in its supply chain finance strategy as it grapples with the fallout from the collapse of $10 billion worth of funds linked to British financial services firm Greensill Capital.

News for Credit Suisse Stock (CS)