Credit Suisse photograph

Credit Suisse

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Web site www.credit-suisse.com
Ceo Tidjane Thiam
HeadquartersZürich
Switzerland
Revenue21. 79 billion CHF (2018)
Number of employees45,680 (FTE, end 2018)
Founders Alfred Escher
Founded1856
AddressVia Santa Margherita, 3, 20121 Milano MI
Hours Open ⋅ Closes 8PM
Phone 800 505 515
Date of Reg.
Date of Upd.
ID621276
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About Credit Suisse


Credit Suisse Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world.

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Cameron's return revives memories of Greensill finance scandal

Cameron's return revives memories of Greensill finance scandal
Nov 13,2023 10:41 am

... Before Panorama s revelations, Cameron had repeatedly refused to tell Parliament how much he made promoting Greensill to investors who included customers of Swiss investment bank Credit Suisse...

Silicon Valley Bank: 500 jobs cut by new owner First Citizens

Silicon Valley Bank: 500 jobs cut by new owner First Citizens
May 25,2023 12:40 am

... Meanwhile in Europe, Swiss officials brokered a rescue deal for troubled banking giant Credit Suisse by its rival UBS, which...

First Republic: Future of US bank in doubt as investors flee

First Republic: Future of US bank in doubt as investors flee
Apr 26,2023 11:41 am

... In Europe, Swiss officials also brokered a rescue for troubled banking giant Credit Suisse, which saw 61...

£55bn withdrawn from Credit Suisse before collapse

£55bn withdrawn from Credit Suisse before collapse
Apr 24,2023 1:30 am

...Collapsed banking giant Credit Suisse says 61...

Business confidence up sharply at biggest firms

Business confidence up sharply at biggest firms
Apr 16,2023 7:41 pm

... " The survey was conducted from 21 March to 3 April, which was in the aftermath of the collapse of Silicon Valley Bank in the US and the forced merger of Credit Suisse with UBS...

Britain's economy is back, says chancellor

Britain's economy is back, says chancellor
Apr 14,2023 4:50 pm

... The outlook for the UK, which relies heavily on financial services, could be clouded by current uncertainty in the banking sector, following the collapse of three US banks and UBS s emergency takeover of Credit Suisse...

UK to be one of worst performing economies this year, predicts IMF

UK to be one of worst performing economies this year, predicts IMF
Apr 11,2023 9:21 am

... In March, Swiss banking giant Credit Suisse was taken over by its rival UBS...

'Cheated' Credit Suisse investors confront bank

'Cheated' Credit Suisse investors confront bank
Apr 4,2023 11:31 am

...By Vishala Sri-PathmaBBC NewsShareholders in Credit Suisse have told the firm they feel " failed" and " cheated" after the collapsed bank was rescued by its long-time rival UBS...

Britain's economy is back, says chancellor

Mar 28,2023 7:20 am

By Faisal Islam & Lucy HookerBBC News

Chancellor Jeremy Hunt says Britain's economy is " back" and that his strategy for growth has been welcomed at The International Monetary Fund meeting in Washington.

His predecessor, Kwasi Kwarteng , left the previous IMF meeting in October early, amid a barrage of criticism.

Mr Hunt said The International lending body saw he was " putting The British economy back on The Right track".

However, the latest figures show the UK economy failed to grow in February.

On Wednesday, which would make it one of the worst performing of The World 's major economies.

When challenged over whether the UK's current performance undermined his positive message, Mr Hunt said: " It's other finance ministers who are telling me Britain is back".

Britain's economy has only just recovered to the size it was prior to the pandemic, following months of industrial action, rapidly rising prices and labour shortages.

On Friday nurses in the RCN union rejected the offer of a 5% pay rise and said they planned to strike again at the start of May. Meanwhile, NHS junior doctors in England are currently staging a four-day walkout over pay, ending at 07:00 on Saturday.

The Wave of industrial action affecting the UK in recent months has contributed to its lack of growth,

However, Mr Hunt said it was important to avoid fuelling further inflation through pay rises. He Said Britain had avoided recession this year " so far" and that he hoped to see faster growth and falling inflation in the months ahead.

Measures in his March Budget to help businesses recruit more staff and to increase investment, including an increase in childcare funding, should stimulate growth, he added.

Investor confidence in the UK was shaken Last Year during the short-lived government of Prime Minister Liz Truss , which saw Mr Kwarteng present an economic strategy that included major tax cuts without an explanation of how they would be funded.

The outlook for the UK, which relies heavily on Financial Services , could be clouded by current uncertainty in the banking sector, following the collapse of three US banks and UBS's emergency takeover of Credit Suisse .

However, Mr Hunt said the UK had " a very robust, resilient banking system" which was now in a much better position than it was before the 2008 financial crisis.

" Am I confident in the resilience of our banking system, The Second largest Financial Services centre in The World ?' Yes, I Am , " He Said .

While the government is considering reforming some of The Rules governing Financial Services , put in place after 2008, Mr Hunt said The Plan was " Absolutely Not to unlearn the lessons of the financial crisis".

" We Are looking at all of these things, but we're not going to do it in a way that rows back on any of the very important protections that we have in place, " He Said .

But He Said the growth of the UK's tech and life sciences industries meant regulations needed to adapt.

" We have a lot of high growth companies in the UK, and they need to have banking services that suit their needs. And that's a difference from a decade ago, " He Said .

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Source of news: bbc.com

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