Credit Suisse
bank
| Credit Suisse link () Powerbase Sourcewatch Website | |
|---|---|
| File:Credit suisse.png | |
| Formation | 1856 |
| Headquarters | Zürich, Switzerland |
| Membership | Rainer E. Gut,Urs Rohner,Iris Bohnet,Christian Gellerstad,Andreas Gottschling,Michael Klein,Shan Li,Seraina Macia,Richard Medding,Kai S. Nargolwala ,Ana Paula Pessoa,Joaquin J. Ribeiro,Severin Schwan,John Tiner, Tidjane Thiam,Noreen Doyle,Richard Gillingwater,Ernie Eves,John Major, John Moore, Hector Sants, David W. Syz, Tom Hurd |
| Big bank and asset manager | |
Credit Suisse Group AG is a global money manager, investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centres 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 is known for its strict bank–client confidentiality and banking secrecy practices.
In March 2023, Credit Suisse was taken over by its larger rival UBS in a deal worth more than $3 billion.[1]
Global Financial "Crisis"
It was one of the least affected banks during the 2008 financial crisis, but afterwards began shrinking its investment business, executing layoffs and cutting costs. The bank was at the centre of multiple international investigation for tax avoidance which culminated in a guilty plea and the forfeiture of US$2.6 billion in fines in the United States from 2008 to 2012,[2]
Money laundering allegations
Credit Suisse reportedly Ignored Cocaine-Linked Murder While Helping Bulgarian Wrestler Launder Money.