CREDIT SUISSE AG List of IFSC Code Branches States
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CREDIT SUISSE AG State wise list:CREDIT SUISSE AG has branches in the following state(s) :- Maharashtra.
Credit Suisse was founded in 1856 to fund the development of Switzerland’s rail system.
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Its headquarter is in Zurich. It maintains offices in all major financial centers around the world and is one of nine global “rise bracket” banks that provide services in investment banking, private banking, asset management and shared services. It is known for strict bank-customer secrecy and banking secrecy. The Financial Stability Board considers it a systemically important bank.
In the 1900s, it began to move into retail banking in response to the rise of the middle class and competition from fellow Swiss banks UBS and Julius Barr. Credit Suisse partnered with First Boston in 1978. After a major failed loan put First Boston under financial strain, Credit Suisse bought a controlling stake in the bank in 1988. From 1990 to 2000, the company made several acquisitions, dramatically increasing its market share. Through the purchase of Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI) and Bank Leu. Credit Suisse’s largest institutional shareholders include Qatar Investment Authority, US mutual fund providers Harris Associates and Dodge & Cox, Norway’s central bank, and Saudi Arabia’s Olayan Group.
The company reorganized itself in 2002, 2004 and 2006.
Credit Suisse has two divisions, private banking and wealth management and investment banking. a shared services departure
Credit Suisse Group AG is organized as a joint stock company registered in Zurich that acts as a holding company. It also owns Credit Suisse Bank and other interests in the financial services business. Credit Suisse is governed by a board of directors, its shareholders and independent auditors. The board of directors organizes the annual general meeting of shareholders, while investors with a majority stake in the company set the agenda. Shareholders elect auditors for one-year terms, approve annual reports and other financial statements, and have other powers provided by law. Shareholders elect the members of the Board of Directors for a three-year term on the basis of candidates nominated by the Chairman and Governance Committee and the Board of Directors meets six times a year to vote on the Company’s proposals. The Board determines Credit Suisse’s business strategies and approves its compensation principles based on guidance from the Compensation Committee. It also has the authority to form committees that delegate specific management functions.