Credit Suisse

The Credit Suisse Group is the second-largest financial services company in Switzerland, behind longtime rival UBS AG. It was founded in 1856 under the name Schweizerische Kreditanstalt (SKA, Swiss Credit Institution). It provides conventional banking services to customers in Switzerland and insurance through its Winterthur subsidiary and wealth management services to customers overseas. It also offers investment banking services through its Credit Suisse First Boston Group subsidiary, a Wall Street firm.

Related Topics:
Switzerland - UBS AG - 1856 - Wall Street

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

In 1940, it opened its first branch outside of Switzerland, in New York City. In 1988, it gained a controlling stake in The First Boston Corporation, hence the name of its investment banking unit Credit Suisse First Boston. In 1993, Credit Suisse Group bought Schweizerische Volksbank (Popular Bank of Switzerland). In 1996 the two retail banks were merged and renamed to Credit Suisse.

Related Topics:
1940 - New York City - The First Boston Corporation

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

During the dot-com boom in 2000 Credit Suisse acquired the investment bank Donaldson, Lufkin, and Jenrette (DLJ) and its e-commerce software portfolio. This software was later sold to the Bank of Canada.

Related Topics:
Dot-com - Investment bank - Donaldson, Lufkin, and Jenrette - E-commerce - Bank of Canada

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The three divisions (Credit Suisse, Credit Suisse First Boston, and Winterthur) are integrating under the "One Bank" programme; all three will be rebranded as "Credit Suisse" from 2006.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The company is listed on the SWX Swiss Exchange (stock symbol: CSGN) and on the New York Stock Exchange (stock symbol: CSR)

Related Topics:
SWX Swiss Exchange - Stock symbol - New York Stock Exchange

~ ~ ~ ~ ~ ~ ~ ~ ~ ~