Credit Suisse Group AG
Jump to navigation
Jump to search
Credit Suisse is a Swiss multinational investment bank and financial services company, founded and based in Switzerland. It provides services in investment banking, private banking, asset management, and shared services.
Credit Suisse is known for its strict banking secrecy practices.
The group's operations are in America (42.7%); Switzerland (37.2%), Asia/Pacific (14.2%); Europe/Middle East/Africa (5.9%), through 3 sectors:
- Investment Banking;
- Private Banking: fortune management, business and retail banking;
- Asset Management: €1,176bn of assets under management. Webpage
Financing Fossil Fuels:[1]
Tar Sands: $83m
Arctic Oil: $249m
Offshore: $1.22bn
Fracking: $1.72bn
LNG Export: $228m
Coal Mining: $210m
Coal Power: $1.11bn
Company
Total float: 94.4%
- 5.21% Qatar Investment Authority
- 4.97% Natixis SA § Harris Associates LP
- 4.93% Olayan Europe Ltd
- 4.30% Norges Bank Investment Management
- 3.06% Dodge & Cox
- 3.03% Silchester International Investors LLP
- 2.85% Vanguard Group Inc
- 1.69% UBS Asset Management Switzerland AG
- 1.39% BlackRock Fund Advisors
- 1.29% Credit Suisse Asset Management (Schweiz) AG
Operations
ToDo:
Credit Suisse Securities Europe Ltd
Credit Suisse Securities (Europe) Ltd is Credit Suisse AG's UK-based brokerage subsidiary. Formerly known as Credit Suisse First Boston (Europe) Ltd, the firm was established in 1966, and arranges financing in international capital markets, provides financial advisory services, and acts as a dealer in securities, derivatives and foreign exchange on a principal and agency basis.
CSS is based in London and is divided into fixed-income, equity and investment banking divisions.[~Downloads/cssel-annual-report-2018.pdf] Reports
Credit Suisse Securities (USA) LLC
Credit Suisse Securities (USA) LLC is a wholly-owned subsidiary of Credit Suisse (USA) Inc. The company operates as an investment banking company, offering strategic planning, consolidations, reorganisation, financial, capital market, wealth and asset management, capital raising, funds, and private banking services.ref,ref
Timeline
Articles
- Oct.22.2-16: Three Massive Mergers—Millions for One Bank and a Disaster for Food, Water, and Climate. The 3 most valuable mergers happening this year: Monsanto is being bought by German corporation Bayer; ChemChina is acquiring Swiss seed and pesticide company Syngenta; and the Canadian pipeline company Enbridge is attempting to purchase Houston-based Spectra Energy. There is one thing these deals have in common: they are all being advised by Credit Suisse. In North Dakota, Credit Suisse is playing a big role behind the scenes, banking against the Standing Rock Sioux, along with Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and more. Wenonah Hauter, Nation of Change.
References
- ^ Banking on Climate Change: Fossil Fuel Finance Report 2020. The new Report shows financial support for the Fossil Fuel Industry has increased every year since the Paris Agreement was adopted in Dec.2015. Again, the big USA banks dominate; again, JPMorgan Chase leads the pack, with Wells Fargo, Citigroup, and Bank of America close on their heels. These 4 banks alone are responsible for 30% of all fossil fuel financing out of the 35 major global banks since the Paris Agreement was adopted. Rainforest Action Network, Mar.20.2019.