Credit Suisse

Swiss multinational banking institution|Bank Leu

Credit Suisse Group is a Swiss bank. It is headquartered in Zurich.

Credit Suisse headquarters at Paradeplatz in Zürich
The logo of Credit Suisse

The company was founded in 1856 as Schweizerische Kreditanstalt (SKA, English: Swiss Credit Institution) jointly by Alfred Escher and the German bank Allgemeine Deutsche Credit-Anstalt which held 50% of the equity.

After the bank had financial problems because the customers lost confidence, it was decided to integrate Credit Suisse into UBS.[1] This decision was communicated on March 19, 2023.

References change

  1. "Safeguarding financial market stability: Federal Council welcomes and supports UBS takeover of Credit Suisse". www.admin.ch. Retrieved 2023-03-19.