Credit Suisse
 Credit Suisse  (Bank)      | |
|---|---|
 | |
| Formation | 1856 |
| Headquarters | Zürich, Switzerland |
| Member of | Centre for European Policy Studies/Corporate Members, WEF/Strategic Partners |
| 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]
Contents
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.
Known members
5 of the 23 of the members already have pages here:
| Member | Description |
|---|---|
| Rainer Gut | Swiss banker regarded as heading a generation of managers who controlled the levers of Swiss economic power for 30 years at the end of the 20th century. |
| Tom Hurd | Made Director General of The Office for Security and Counter-Terrorism in January 2016, Directory General of the Joint Biosecurity Centre in 2020 |
| John Major | UK Prime Minister from 1990 to 1997. |
| Urs Rohner | banker |
| Tidjane Thiam | Former CEO of Swiss bank Credit Suisse, with many connections. African Union Special Envoy on Covid-19 |
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Credit Suisse and the power of money | Article | 20 March 2023 | Peter Schwarz | The merger creates a monster bank with a balance sheet total of CHF (Swiss francs) 1.5 trillion ($1.6 trillion), almost twice the gross domestic product of Switzerland, which amounted to CHF 771 billion in 2022. If it enters a tailspin, it will trigger a tsunami that will drag the Swiss state budget and parts of the world economy into the abyss. |
