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Credit Suisse is a leading global financial institution with a focus on private banking and asset management. Learn about its history, purpose, sustainability, and how to open an account online or in person.
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Die Credit Suisse Group ist eines der führenden Institute im...
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Switzerland. Contact; Credit Suisse Direct / CSX Login...
- Private Clients
Credit Suisse provides comprehensive advice to private...
- Service, Support & Contact
Decision to integrate the Swiss business of Credit Suisse...
- About Us
Credit Suisse is a leading global wealth manager with strong...
- Information About The Integration With UBS
If there are any matters of interest to you not covered in...
- Investor Relations
All the relevant investor information for a transparent...
- Accounts and Cards
Viva Kids is the free banking package from Credit Suisse...
- Private Pension
Our tip: Set aside a bit more than you technically have...
- Online & Mobile Banking
Take care of your banking where and when you want with...
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- About Credit Suisse
- What Caused The Collapse of Credit Suisse?
- Timeline of The Collapse
- Impact of The Collapse
- Acquisition of Credit Suisse by UBS
- The Bottom Line
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As of the end of 2021, Credit Suisse had assets under management (AUM)of 1.6 trillion CHF (about $1.75 trillion), making it the second-largest bank in Switzerland after UBS. At that time, Credit Suisse employed more than 50,000 people. Note that as of year-end 2022, Credit Suisse’s AUM had dropped to about 1.3 trillion CHF (about $1.4 trillion). Be...
Despite its long history, Credit Suisse was plagued by a series of scandals, management shifts, and significant losses in recent years. In February 2020, Credit Suisse’s then-CEO, Tidjane Thiam, resigned after a 2019 spying scandal. Credit Suisse’s wealth management boss, Iqbal Khan, left for UBS and was subsequently surveilled by private contracto...
In summary, the key events leading up to the collapse of Credit Suisse include: 1. 2019 and early 2020: Credit Suisse faces a spying scandal regarding an outgoing wealth management executive; then-CEO Tidjane Thiam resigns. 2. 2021: Archegos Capital and Greensill Capital collapse, leading to $1 billion in losses for Credit Suisse and another manage...
The impact of UBS’ takeover of Credit Suisse is wide-ranging. For the bank’s offices around the world and its 50,000 employees, the future remains uncertain, as UBS could absorb some or all of them and shutter or lay off others. UBS is expected to have roughly $5 trillion in AUM following the deal. The global financial system responded with measure...
UBS’ purchase of Credit Suisse was orchestrated and approved by regulators. The price tag of more than $3 billion for the deal is modest compared with the size of the bank and its assets. UBS officials also said immediately following news of the purchase that they planned to reduce the size of Credit Suisse in the coming years, potentially by selli...
Following several years of scandals, Switzerland’s Credit Suisse bank collapsed in March 2023. It was purchased by Swiss rival UBS for about $3.3 billion in a deal approved by Swiss regulators without shareholder approval. UBS plans to sell off and downsize parts of Credit Suisse in the process. Following the completion of the merger, Switzerland w...
Credit Suisse, the second-largest bank in Switzerland, was bought by rival UBS in March 2023 after facing numerous scandals and losses. Learn about the events that led to the collapse, the impact on the global financial system, and the future of the bank's employees and clients.
Credit Suisse Group AG (French pronunciation: [kʁe.di sɥis], lit. ' Swiss Credit ') is a global investment bank and financial services firm founded and based in Switzerland.
Mar 20, 2023 · Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country's gross domestic product, as part of their...
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Aug 3, 2023 · Young protesters wrote messages like “Cretin Suisse” in chalk outside the bank’s headquarters as demonstrators bellowed their discontent through megaphones.
