Credit Suisse Group

Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. One of the nine global "Bulge Bracket" banks, with its headquarters in Zürich, it has offices in all of the major financial centers around the world and offers services in investment banking, private banking, asset management, and shared services. It is renowned for its stringent banking secrecy and client confidentiality. It is regarded as a globally significant and systemically important bank by the Financial Stability Board. The FED's major dealer and counterpart in foreign exchange are Credit Suisse.

In order to help pay for the expansion of Switzerland's rail system, Credit Suisse was established in 1856. It made loans that were used to build the European rail network as well as the electrical grid in Switzerland. In response to the rise of the middle class and competition from fellow Swiss banks UBS and Julius Bär, it started to transition to retail banking in the 1900s. Before acquiring a controlling interest in the bank in 1988, Credit Suisse formed a partnership with First Boston in 1978. The business acquired organizations like the Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu between 1990 and 2000.

Founders: Alfred Escher, Allgemeine Deutsche Credit-Anstalt

Headquarters: Paradeplatz, Zürich, Switzerland

Revenue: SFr 22.7 billion (2021)

Market cap: $12.16 Billion (2022)

Website: credit-suisse.com