![]() ![]() The bank was at the center of multiple international investigation for tax avoidance which culminated in a guilty plea and the forfeiture of US$2.6 billion in fines from 2008 to 2012. It was one of the least affected banks during the global financial crisis, but afterwards began shrinking its investment business, executing layoffs and cutting costs. The company restructured itself in 2002, 20. The biggest institutional shareholders of Credit Suisse include the Qatar Investment Authority, US mutual fund providers Harris Associates and Dodge & Cox, the central bank of Norway and the Saudi Arabian Olayan Group. From 1990 to 2000, the company made a series of acquisitions dramatically increasing its market share via the purchases of Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. After a large failed loan put First Boston under financial stress, Credit Suisse bought a controlling share of the bank in 1988. Credit Suisse partnered with First Boston in 1978. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. It issued loans that helped create Switzerland's electrical grid and the European rail system. The Financial Stability Board considers it to be a systemically important bank.Ĭredit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It is known for strict bank–client confidentiality and banking secrecy. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " Bulge Bracket" banks providing services in investment banking, private banking, asset management, and shared services. ![]() Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
May 2023
Categories |