Credit Suisse Group AG (ADR)
 |
|
| Aktiengesellschaft | |
| Traded as | SIX: CSGN, : CS |
| ISIN | CH0012138530 |
| Industry | Financial services |
| Founded | 1856 |
| Founder | Alfred Escher and Allgemeine Deutsche Credit-Anstalt |
| Headquarters |
Paradeplatz 8 Zürich, Switzerland |
|
Area served
|
Worldwide |
|
Key people
|
Urs Rohner (Chairman) Tidjane Thiam (CEO) |
| Products | Investment and private banking, asset management |
| Revenue | CHF 23.38 billion (2015) |
| CHF 2.42 billion (2015) | |
| Profit | CHF −2.94 billion (2015) |
| Total assets | CHF 820.80 billion (end 2015) |
| Total equity | CHF 44.38 billion (end 2015) |
|
Number of employees
|
48,200 (FTE, end 2015) |
| Capital ratio | 11.3% |
| Website | www |
Coordinates: 47°22′11″N 8°32′22″E / 47.369602°N 8.539449°E
Credit Suisse Group is a Swiss multinational financial services holding company, headquartered in Zürich, that operates the Credit Suisse Bank and other financial services investments. The company is organized as a with four divisions: Investment Banking, Private Banking, Asset Management, and a Shared Services Group that provides marketing and support to the other three divisions.
Credit Suisse was founded in 1856 as Schweizerische Kreditanstalt (SKA, English: Swiss Credit Institution) jointly by Alfred Escher and the German bank which held 50% of the equity. At inception time its primary purpose was to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. It also helped develop the country's currency system and funded entrepreneurship. In the 1900s Credit Suisse began shifting to retail banking in response to the elevation of the middle-class and the growing popularity of savings accounts. Credit Suisse partnered with First Boston in 1978. After a large failed loan put First Boston under financial stress, Credit Suisse bought a controlling share of the bank in 1988. In the 1990s, Credit Suisse acquired the Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI) and Bank Leu among others. In the year 2000, it added the U.S. investment firm Donaldson, Lufkin & Jenrette.
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