Credit Suisse

Marius

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The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.

Credit Suisse was founded by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt. It was founded to fund railway development in Switzerland without influence from foreign investors. Many early attempts to get involved in agriculture, venture investments, commodities and international trade failed to make a profit, but the company played a substantial role in Switzerland's economic development by funding railroad and electricity development in the 1800s.

Credit Suisse became a shareholder in a large number of financial services companies that it itself founded and setup management for. In the 1900s it created branches and deposit counters in response to the development of retail banking. Credit Suisse helped fund reconstruction efforts in both world wars and emerged from the credit crisis in a stronger position than most banks. In the 1970s and '80s Credit Suisse and First Boston formed Credit Suisse First Boston and several other First Boston-branded divisions. Credit Suisse was restructured under four divisions in 1996 and re-branded all of its divisions under the Credit Suisse name in 2004.

Source: Wikipedia

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