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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 as a standalone firm but now a subsidiary of UBS.
Other Swiss banks hoped to replace Credit Suisse as the country's second-largest. Zurich Cantonal Bank CEO Urs Baumann said that his firm "offers all business areas of a universal bank and is thus a complement to the newly emerging big bank". [68] The stock of Julius Baer Group, which became the country's second-largest bank by assets after ...
Barclays Bank (Suisse) SA, Geneva; Barclays Capital, Zurich Branch of Barclays Bank PLC, London; HSBC Private Bank (Suisse) SA, Geneva; IG Bank S.A., Geneva; Lloyds Bank plc, Londres, succursale de Genève, Geneva *Standard Chartered Bank (Switzerland) SA (No offices anymore in Switzerland)
Credit Suisse Group was the second-largest Swiss bank. [93] Based in Zürich and founded in 1856, Credit Suisse offers private banking, investment banking and asset management services. [93] It acquired the First Boston Corporation in 1988 and merged with the Winterthur insurance company in 1997; the latter was sold to AXA in 2006. [94]
With 896 branch offices in total, they make up the densest branch network of any Swiss bank. After the acquisition of Credit Suisse by UBS, the Raiffeisen Group has become the second-largest banking group in Switzerland with client assets under management of 246.6 billion francs. Since June 2014, Raiffeisen has been classified as one of ...
Swiss Bank Corporation (French: Société de banque suisse; German: Schweizerischer Bankverein) was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland, with over CHF 300 billion of assets and CHF 11.7 billion of equity.
SIX intends to offer an open banking hub for business customers before the end of 2019. Among others, the two accounting software providers Abacus and Klara will use the Hub. Banks can also open their IT interface to the hub. [28] UBS, Credit Suisse, Zürcher Kantonalbank, Valiant Bank as well as Raiffeisen Schweiz participate at the project. [29]
It wasn't until 1977 that the scandal broke: in the wake of the first oil crisis, several companies managed by Texon became loss-making, and the whole financial package collapsed, revealing a debt of 2.2 billion Swiss francs for Credit Suisse. On 24 April 1977, Kuhrmeier and two bank directors were put under arrest. [2]