The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.Credit Suisse was founded by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt (SKA, English: Swiss Credit Institution).In 1942, it opened its first branch outside of Switzerland, in New York City.In 1988, it gained a controlling stake in The First Boston Corporation and in 1993, Credit Suisse Group bought Schweizerische Volksbank(English: People's Bank of Switzerland). In 1996 the two retail banks were merged and renamed Credit Suisse.In 2000, it acquired the investment bank Donaldson, Lufkin & Jenrette (DLJ) and, with it, an e-commerce software portfolio, including DLJ Direct, that it later sold to the Bank of Montreal.In 2009, Credit Suisse was recognized as "Bank of the Year" by the International Financing Review.In November 2011, CS announced to launch a new Algorithmic Index Platform to support the Quantitative Risk Management(QRM) to provide their clients a tailored solution to gain efficient exposure to a range of systematic equity investment strategies.Credit Suisse is considered to be within the prestigious "bulge bracket" of investment banks.The firm earned accolades throughout the recent financial crises for prudent risk management and strategic allocation of capital.
Total assets CHF 1.032 trillion
Profit CHF 5.098 billion