Credit Suisse: Swiss multinational banking institution
Credit Suisse Group is a Swiss bank.
It is headquartered in Zurich.
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. This decision was communicated on March 19, 2023.
References
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