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Credit Suisse Group AG – Company Information

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Credit Suisse Group AG is a multinational banking and financial services company based in Zurich, Switzerland.

The company has four main business divisions: Investment Banking, Asset Management, Private Banking, and a Shared Services Group.

The bank was founded in 1856 by Alfred Escher under the name Schweizerische Kreditanstalt (Swiss Credit Institution).

Its initial purpose was to help fund Switzerland’s rail system. It then began funding local business projects.

Credit Suisse shifted to retail banking in the 1990’s to meet the growing demands of savings account for the middle-class.

It now has operations in more than 50 countries and a team of over 46,000 individuals from 150 different nations.

Its global structure comprises four regions: Switzerland, Europe, Middle East and Africa, Americas and Asia Pacific.

Credit Suisse Group AG operates as holding company and is set up as a stock corporation registered in Zürich.

Overview

Credit Suisse Logo

  • Chairman: Urs Rohner
  • CEO: Brady Dougan
  • Industry: Banking, financial services
  • Type: Aktiengesellschaft (public)
  • Listed on the Swiss and New York Stock Exchanges
  • SIX stock symbol: CSGN
  • NYSE stock symbol: CS
  • Revenue: 25.856 billion CHF (2013)
  • Earnings (loss) per share: 1.22 CHF (2013)
  • Total assets: 872.806 billion CHF (2013)
  • Founded: 1856
  • Founder: Alfred Escher
  • Headquarters: Paradeplatz 8, Zürich, Switzerland
  • Employees: 46,000 (2013)
  • Website: https://www.credit-suisse.com
  • Contact number: +41 844 33 88 44

Income statement data (in CHF millions) 2013 2012
Interest and dividend income 19,556 22,090
Interest expense (11,441) (14,947)
Net interest income 8,115 7,143
Commissions and fees 13,226 12,724
Trading revenues 2,739 1,196
Other revenues 1,776 2,548
Net revenues 25,856 23,611
Total operating expenses 21,593 21,251
Net income 2,965 1,685
Net income attributable to shareholders 2,326 1,349
Comprehensive income 2,879 791
Balance sheet data (in CHF millions)
Total assets 872,806 924,280
Total liabilities 825,640 881,996
Total shareholders’ equity 42,164 35,498
Total equity 47,166 42,284
Common share data (in CHF)
Earnings per Common Share – Basic 1.22 0.79
Earnings per Common Share – Diluted 1.22 0.79

Source: “Credit Suisse Group AG – Form 20-F”


News about Credit Suisse reported by Market Business News:

July 22, 2014: Credit Suisse posted a 700 million franc ($780 million) loss for the second quarter of 2014, compared to a profit of 1.05 billion franc ($1.17 billion) profit in Q2 2013. The company’s worst quarter in six years was caused by the $2.6 billion settlement made with US authorities for helping Americans dodge taxes.

May 20th, 2014: Credit Suisse pleads guilty to helping American tax cheats, fined $2.6 billion.