Credit History

On 5 July 1856 Alfred Escher founded the Schweizerische Kreditanstalt (SKA) - Credit Suisse today - and made it to Zurich's leading banking center and business center of Switzerland. The headquarters of the SKA is located since 1873 at the Parade Square in the center of Zurich. 1895 launched the SKA, the "Securities Exchange Rates", which is considered the first periodical publication of the World Bank. 1944 will be renamed "bulletin" and has since become to customers, stakeholders and other interested parties-looking magazine of the bank.
With the opening of the first branch in Basel in 1905 began the expansion of Credit Suisse in Switzerland, which was conducted mainly through the acquisition of regional banks. The first stores in the French-and Italian-speaking Switzerland were opened in 1906 in Geneva and in 1913 in Lugano.
After the opening of the first representation in New York in 1870, the SKA was founded in various international locations representative, in Paris (1910), London (1954), Buenos Aires (1959), Hong Kong (1969) and Bahrain (1975). 1964 was a branch of Credit Suisse in New York a license as a universal bank in the U.S..
The case of Chiasso "1977 brought the SKA the biggest loss in its history. Here, the head of the SKA Branch of Chiasso had for years with the support of Ticino lawyers and politicians money from Italy moved illegally to Liechtenstein. [4] Under the pressure of this crisis broke, the SKA on to pastures new and changed in the wake of Zurich tradition Institute to the international financial services provider.
The cooperation with the SKA in 1932 as a subsidiary of First National Bank of Boston, founded First Boston Corporation began in 1978. 1988 the CS First Boston Inc. in New York. CS Holding was created in 1982 as a sister company of the SKA to combine different interests. In 1989, the SKA has been incorporated as a subsidiary in the CS Holding. In 1990, the CS Holding, the majority control at the CS First Boston and became the first non-American company with a controlling interest in a U.S. investment bank. 1992, the SKA separated by a management buy-out by the auditing and consulting firm KPMG Fides Peat (now KPMG) where it was since 1928 the majority owner.
Among the important recent acquisitions of the SKA in Switzerland include the acquisition of Bank Leu in 1990 and the Swiss People's Bank 1993rd The Swiss People's Bank (then unique as a cooperative and not structured as AG) was then the fourth largest bank in Switzerland, while held the UBS (Union Bank of Switzerland) and the Swiss Bank Corporation (SBC), the positions 1 and 2. UBS and SBC merged later on today's UBS.
1996, the CS Holding and Winterthur to enter into an alliance to provide access to common outlet for their products. In 1997, the CS Holding Credit Suisse Group with four business units: Credit Suisse, Credit Suisse Private Banking, Credit Suisse First Boston and Credit Suisse Asset Management. In the same year the merger took place between Credit Suisse Group and Winterthur. 2004, announced the group to run from now to Winterthur as a financial investment and prepare for a possible financial transaction. On 14 June 2006, announced the sale of Winterthur to AXA, the French group.
Since 1 January 2006, the Credit Suisse as an integrated global bank, with three divisions - investment banking, private banking, asset management - under a single brand name Credit Suisse. Since 1 January 2007 all old Credit Suisse Private Banking daughters to become the fifth largest retail bank in Switzerland Clariden Leu combined.
During the financial crisis of 2007, the bank could ensure its survival without direct government support. After the G-20 summit in 2009 amended the Credit Suisse their remuneration policies.
2010, the bank moved into the focus of investigations by the German law enforcement authorities because of suspected aid to tax evasion.