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Coordinates: 47°22′11″N 8°32′22″E / 47.369602°N 8.539449°E / 47.369602; 8.539449

       

Securities

   

Equity  products

   

M&A

   

M&A

   

Fixed income

   

Mutual funds

   

Hedge funds

   

Investment advice

    bancassurance of trying to be a single company that offers every common financial services product.[77][78] The investment bank is intended for companies and wealthy individuals with more than 50,000 euro.[79]

Credit Suisse developed the CreditRisk+ model of risk assessment in loans, which is focused exclusively on the chance of default based on the exogenous Poisson method.[80] As of 2002 about 20 percent of Credit Suisse's revenue was fro

Credit Suisse developed the CreditRisk+ model of risk assessment in loans, which is focused exclusively on the chance of default based on the exogenous Poisson method.[80] As of 2002 about 20 percent of Credit Suisse's revenue was from its insurance business it gained through the 1997 acquisition of Winterthur.[81] The investment bank's insurance products are primarily popular in the domestic market and include auto, fire, property, life, disability, pension and retirement products among others.[82] Historically 20–40 percent of the bank's revenue has been from private banking services, one of its higher profit-margin divisions.[83]

Credit Suisse produces one of the six hedge funds following European stock indices that are used to evaluate the performance of the markets.[84][85] The investment bank also has a 30 percent ownership in hedge fund investment firm York Capital Management. York sells hedge funds independently to its own clients, while Credit Suisse also offers them to private banking clients.[86] Credit Suisse manages the financial instruments of the Dow Jones Credit Suisse long/short equity index (originally called Credit Suisse/Tremont Hedge Fund Indexes).[87]

According to a 2011 article in SeekingAlpha, Credit Suisse's investment managers favor financial, technology and energy sector stocks.[88] The bank's head of equity investments in Europe said the team focuses on "value with an emphasis on free cashflow." She also has an interest in companies undergoing management changes that may influence the stock price.[89] According to a story in the Wall Street Journal, the head of Credit Suisse's International Focus Fund keeps a portfolio of only 40–50 stocks, instead of the industry-norm of more than 100.[90] Credit Suisse publishes its investment advice in four publications: Compass, Viewpoints, Research and the Credit Suisse Investment Committee Report.[91]

Credit Suisse is a member of Wall Street's bulge bracket, a list of nine of the largest and most profitable banks. The company has been identified as one of the world's most important banks, upon which international financial stability depends.[92][93] The bank is also one of Fortune Magazine's most admired companies.[94]

Credit Suisse has been recognised as the world's best private bank by Euromoney's Global Private Banking Survey[95] and as the best European Equity Ma

Credit Suisse has been recognised as the world's best private bank by Euromoney's Global Private Banking Survey[95] and as the best European Equity Manager by Global Investors.[89] In polls by Euromoney, it has been ranked as the top private bank and the best bank in Switzerland.[41] As of 2004, Credit Suisse was first in volume of high-yield transactions, second for corporate high-yield bond insurance and third for IPO underwriting.[96] The Securities Data Company ranked Credit Suisse as the fourth best place for financial advice for mergers and acquisitions in the US in 1995 and sixth for domestic equity issues.[38] Credit Suisse has been recognized by the Asset Triple A Awards and in 2005 Credit Suisse was ranked as the second best prime broker by Institutional Investor.[96]

On December 16, 2009, it was announced that the U.S. Dept. of Justice reached a settlement with Credit Suisse over accusations that the bank assisted residents of International Emergency Economic Powers Act sanctioned countries to wire money in violation of the Act as well as New York law from 1995 to 2006. The settlement resulted in Credit Suisse forfeiting $536 million.[97]

SEC investigation

On 5 July 2018, Credit Suisse agreed to pay a $47 million fine to the US Department of Justice and $30 million to resolve charges of the US Securities and Exchange Commission (SEC). The SEC's investigation said that the banking group sought banking-investment business in th

On 5 July 2018, Credit Suisse agreed to pay a $47 million fine to the US Department of Justice and $30 million to resolve charges of the US Securities and Exchange Commission (SEC). The SEC's investigation said that the banking group sought banking-investment business in the Asia-Pacific region by hiring and promoting more than one hundred Chinese officials and related people in violation of the Foreign Corrupt Practices Act.[98][99]

Climate controversy

In November 2018, about a dozen climate activists played tennis inside Credit Suisse agencies (of Lausanne, Geneva and Basel simultaneously), disrupting operations as a protest against the bank's investments in fossil fuels.[100][101] Credit Suisse lodged a complaint and the activists from Lausanne were tried in January 2020 and fined 21,600 CHF. They were later cleared of all charges in what a Swiss media outlet considered a 'historical decision'.[102][103][100][101]

The tennis theme was chosen to urge Swiss tennis star Roger Federer to break his connection with Credit Suisse as a sponsor due to the company's participating in what activists described as the climate crisis (notably by multiplying 16-fold its financing for coal from 2016 to 2017).[100][101] On 11 January 2020, Federer published a statement saying: "[...] I have a great deal of respect and admiration for the youth climate movement, and I am grateful to young climate activists for pushing us all to examine our behaviours", and further committed to a dialogue with his sponsors on social issues.[104]

On 24 January 2020, following the trial, the climate activist group emitted a press statement requesting a transparent, televised debate with the CEO of Credit Suisse. With no answer from the bank, they created a website under the name "DiscreditSuise" hosting content pertaining to Credit Suisse's record on climate issues.[105]

Lord Energy scandal

In March 2019, it was revealed that Swiss-based trading company Lord Energy could not repay loans contracted from Credit Su

The tennis theme was chosen to urge Swiss tennis star Roger Federer to break his connection with Credit Suisse as a sponsor due to the company's participating in what activists described as the climate crisis (notably by multiplying 16-fold its financing for coal from 2016 to 2017).[100][101] On 11 January 2020, Federer published a statement saying: "[...] I have a great deal of respect and admiration for the youth climate movement, and I am grateful to young climate activists for pushing us all to examine our behaviours", and further committed to a dialogue with his sponsors on social issues.[104]

On 24 January 2020, following the trial, the climate activist group emitted a press statement requesting a transparent, televised debate with the CEO of Credit Suisse. With no answer from the bank, they created a website under the name "DiscreditSuise" hosting content pertaining to Credit Suisse's record on climate issues.[105]

In March 2019, it was revealed that Swiss-based trading company Lord Energy could not repay loans contracted from Credit Suisse, leading the Commodity Finance department of the bank to suffer significant losses.[106] Lord Energy, a commodity-trading company based in Switzerland, founded by the son of Youssef Nada, has been previously accused of maintaining strong links with the Muslim Brotherhood.[107]

At the time of the announcement of the losses suffered by Credit Suisse due to Lord Energy's failure to repay its loans, the trading firm was also accused of involvement in a corruption case in relation to Algeria national oil and gas company Sonatrach.Sonatrach.[108] Credit Suisse reportedly lost 30 million Swiss Francs in the Lord Energy affair and could be the subject of US investigations.[109]

Hong Kong police have begun investigations regarding $250 million in Credit Suisse branch deposits in Hong Kong linked to former Malaysia's Prime Minister Najib Razak and Malaysian sovereign wealth fund, 1Malaysia Development Berhad (1MDB).[110] Reuters reported that "Swiss financial watchdog FINMA ... had conducted “extensive investigations” into Credit Suisse’s dealings surrounding 1MDB".[111][112]

Work environment

Credit Suisse is more internationally minded than most European banks.[25][25][96] According to WetFeet's Insider Guide, Credit Suisse offers more travel opportunities, greater levels of responsibility and more client interaction than new employees get at competing firms but is known for long hours. Analysts report 60- to 110-hour work-weeks.

Roles and responsibilities are less stringent and the environment is pleasant despite hours being "the most grueling on Wall Street."[113] Vault's Insider's Guide reached similar conclusions, noting above-a

Roles and responsibilities are less stringent and the environment is pleasant despite hours being "the most grueling on Wall Street."[113] Vault's Insider's Guide reached similar conclusions, noting above-average training, executive access and openness matched with reports of 80- to 100-hour work-weeks.[96]

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