Credit Suisse

It is an institutional banking group that offers financial products and services in Switzerland. Its work area covers many countries through its branches. It provides asset management, private banking, and investment services to national and international clients.

History

This group, in the beginning, was founded as Schweizerische Kreditanstalt (SKA) by Alfred Escher in 1856. It was created to finance the railway systems of that time in Switzerland. In 1870, it took the first step to expand internationally by opening a representative office in New York, United States. Six years later, it was established in the Paradeplatz building.

In the 1980s, the bank was helping in the development of the country by supporting various services that include financing, monetary systems, the establishment of an electrical grid, and more. As of 1900, it expanded nationally by opening its first office in Basel. After World War I, the entity took over, in part, the restructuring and financing of companies affected by the war. Thanks to that, it began to have everyone’s support, becoming the most important banking institution in the country.

It established a representative office in Paris in 1910. Later, in 1932, First Boston was created, which would be necessary for the bank in the future. Years later, it again focused on the United States and opened a subsidiary in New York. To consolidate more and grow financially, it merged with Schweizerische Bodenkredit-Anstalt in 1976.

In 1989, CS Holding was created and then established under the name of Credit Suisse Group. It continued its growth through acquisitions such as Bank Leu, Swiss Volksbank, and NAB (Neue Aargauer Bank).

Swift Code

To identify the Credit Suisse Group in the United States for a bank transfer, the routing number used is 026009179.

Number of Employees

In 2018, more than 45,680 employees were calculated.

Rating

The rating determines the ability and financial risks of a bank to deal with debt.

Credit Suisse Group has a rating of:

  • S&P = BBB+.
  • Moody’s = Baa2.
  • Fitch = A-.

BBB+ (S&P Global) = The group has a medium level, but they are in a good situation.

Baa2 (Moody’s) = It means moderate credit risk.

A- (Fitch) = It has excellent solvency capacity and low risk of default.

Headquarters

Its headquarters are located in Zurich, Switzerland.

Website

To access the bank’s website: http://www.credit-suisse.com

Services

It offers products and services to clients and financial institutions. It includes transaction banking, financing and commercial service, asset management, and investment banking. Also, it provides private banking to clients and families to guarantee the safekeeping of their assets and wealth.

Contact

  • Address: Paradeplatz 8, Zürich, Switzerland.
  • Phone Number: +41 44 333 11 11.