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Credit Suisse Group is a leading financial services company, advising clients in all aspects of finance, across the globe and around the clock. Learn about its sustainability, diversity, news and locations in the United States of America.
- Information on The Acquisition by UBS
Credit Suisse AG – like UBS AG – will continue to operate as...
- Career Opportunities
Credit Suisse is now part of UBS Group, the world's largest...
- Our Company
The Credit Suisse Group purpose is at the core of...
- About Us
The Credit Suisse Group purpose is at the core of everything...
- Investor Relations
Credit Suisse (Schweiz) AG, a company of UBS Group AG,...
- Quarterly Results
On August 31, 2023, Credit Suisse AG, a UBS Group company,...
- Private Banking
In October 2015 Credit Suisse announced an exclusive...
- Office Locator
Credit Suisse Office and ATM Locator. Enter a street, city,...
- Reports & Research
The Credit Suisse Research Institute analyzes...
- Credit Suisse
Credit Suisse Group is one of the leading institutions in...
- Information on The Acquisition by UBS
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. Headquartered in Zürich, it maintains offices in all major financial centers around the world and provides services in investment banking, private banking, asset ...
- 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, faced a series of scandals and plunging stock prices that led to its collapse in March 2023. The bank was bought by rival UBS Group AG for 3 billion CHF (about $3.3 billion USD) to shore up the global banking system. Learn about the causes, timeline, and impact of the crisis.
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Oct 27, 2022 · Credit Suisse’s stock fell more than 18 percent on Thursday, as investors absorbed the scale of the firm’s reorganization plans and the amount of capital it was seeking to raise by selling new ...
Mar 24, 2023 · Credit Suisse bankers organise $1.3bn in loans for Mozambique — one of the world’s poorest countries — to develop a tuna fishing industry. But much of the money is swallowed up in kickbacks ...
