Credit Suisse Group AG was a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it had offices in all major financial centres around the world and provided services in investment banking, private banking, asset management, and shared services. It was known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considered it to be a global systemically important bank. Credit Suisse was also a primary dealer and Forex counterparty of the Federal Reserve in the United States. Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system.
UBS, Switzerland's largest bank agrees to buy its rival Credit Suisse (established 1856) for about $3.2 billion to help
UBS, Switzerland's largest bank agrees to buy its rival Credit Suisse (established 1856) for about $3.2 billion to help ease global financial panic, in deal brokered by Swiss government [1]
Historical Significance
Credit Suisse Group AG was a global investment bank and financial services firm founded and based in Switzerland.
Events Before
Chicago Bulls forward DeMar DeRozan becomes the first player in NBA history to hit buzzer-beaters on consecutive days; h
Chicago Bulls forward DeMar DeRozan becomes the first player in NBA history to hit buzzer-beaters on consecutive days; he hits 3-pointers to beat the Washington Wizards 120-119 and the previous night the Indiana Pacers 108-106
Actors Lisa Bonet and Jason Momoa divorce after four years of marriage
Actors Lisa Bonet and Jason Momoa divorce after four years of marriage
Russia launches a full-scale pre-dawn and unprovoked invasion of Ukraine by land, air, and sea, with bombings in several
Russia launches a full-scale pre-dawn and unprovoked invasion of Ukraine by land, air, and sea, with bombings in several cities. Moments later, Vladimir Putin announces the start of a three-day “special military operation” in Ukraine to "demilitarize" the country. [1]
In a major victory for Ukraine, Russia announces it is withdrawing its badly mauled forces from around Ukraine's capital
In a major victory for Ukraine, Russia announces it is withdrawing its badly mauled forces from around Ukraine's capital, Kyiv
"Top Gun Maverick" the sequel starring Tom Cruise, Miles Teller and Jennifer Connelly is released 36 years after the ori
"Top Gun Maverick" the sequel starring Tom Cruise, Miles Teller and Jennifer Connelly is released 36 years after the original film
Events After
A magnitude 7.6 earthquake strikes Japan's western coast, killing an estimated 120 people and injuring more than 100
A magnitude 7.6 earthquake strikes Japan's western coast, killing an estimated 120 people and injuring more than 100
English singer Elton John wins an Emmy Award for the television special "Elton John: Farewell From Dodger Stadium", comp
English singer Elton John wins an Emmy Award for the television special "Elton John: Farewell From Dodger Stadium", completing his EGOT (winning all four major American entertainment awards)
Denis Villeneuve's science fiction film epic "Dune: Part Two" premieres in Mexico City, starring Timothée Chalamet and a
Denis Villeneuve's science fiction film epic "Dune: Part Two" premieres in Mexico City, starring Timothée Chalamet and an ensemble cast
LeBron James becomes the first player in NBA history to score 40,000 regular-season points as his LA Lakers slip to a 12
LeBron James becomes the first player in NBA history to score 40,000 regular-season points as his LA Lakers slip to a 124-114 defeat to Denver Nuggets in Los Angeles
New rule limiting tailpipe pollution aimed at greatly expanding electric vehicles in the US is announced by President Jo
New rule limiting tailpipe pollution aimed at greatly expanding electric vehicles in the US is announced by President Joe Biden [1]
More from the 2020s
Pro-Iranian protesters end siege of US Embassy in Baghdad, Iraq
Pro-Iranian protesters end siege of US Embassy in Baghdad, Iraq
Scotland's Peter Wright beats Dutch defending champion Michael Van Gerwen 7-3 with a 102.79 average, 34 x 140s, 11 maxim
Scotland's Peter Wright beats Dutch defending champion Michael Van Gerwen 7-3 with a 102.79 average, 34 x 140s, 11 maximums, and 53% on doubles to seal his first PDC World Darts Championship in London
Cuba's "day zero" unifies its two currencies by withdrawing the Cuban Convertible Peso (CUC), alongside steep increases
Cuba's "day zero" unifies its two currencies by withdrawing the Cuban Convertible Peso (CUC), alongside steep increases in prices and salaries, effectively devaluing the remaining Cuban Peso for the first time since 1959 [1]
Chicago Bulls forward DeMar DeRozan becomes the first player in NBA history to hit buzzer-beaters on consecutive days; h
Chicago Bulls forward DeMar DeRozan becomes the first player in NBA history to hit buzzer-beaters on consecutive days; he hits 3-pointers to beat the Washington Wizards 120-119 and the previous night the Indiana Pacers 108-106
Frequently Asked Questions
- What happened on March 19, 2023?
- Credit Suisse Group AG was a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it had offices in all major financial centres around the world and provided services in investment banking, private banking, asset management, and shared services. It was known for strict bank–client confidentiality and banking secrecy.
- Why is UBS, Switzerland's largest bank agrees to buy its rival Credit Suisse (establ... significant?
- Credit Suisse Group AG was a global investment bank and financial services firm founded and based in Switzerland.