Credit Suisse
Credit Suisse was a major Swiss global financial services firm offering wealth management, investment banking, and asset management to HNW individuals, institutional investors, and corporate clients before its 2023 emergency acquisition by UBS.
- Company typePublic
- Founded1856
- HeadquartersMorrisville, United States
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Credit Suisse does
Credit Suisse Group AG was a major Swiss global financial services company founded in 1856 as Schweizerische Kreditanstalt and headquartered in Zurich, Switzerland. Operating as one of Switzerland's two largest banks prior to 2023, the firm served high-net-worth individuals, institutional investors, and corporate clients through an integrated model combining wealth management, investment banking, and asset management across Europe, the Americas, and Asia Pacific. Core capabilities included private banking and portfolio management for wealthy families, capital markets and advisory services for corporations, and alternative investment products including high-yield credit funds (DHY, CIK) and commodity-linked exchange-traded notes (GLDI, USOI). The bank distributed services through a global office network staffed by dedicated private bankers and relationship managers.
Credit Suisse's business model generated revenue through subscription-based wealth and asset management fees, transaction-based investment banking fees, and principal trading activities. Pre-collapse, the firm managed approximately $290 billion in combined Latin America wealth-management assets, employed roughly 45,000 people, and maintained distribution partnerships including the Yacht Club de Monaco for the SEA Index environmental benchmarking tool. The firm suffered significant losses from the 2021 Archegos Capital Management collapse ($5.5 billion) and historical Nazi-era account liabilities, ultimately facing a severe liquidity crisis in March 2023. Following emergency intervention by Swiss authorities, Credit Suisse was acquired by UBS Group AG with a FINMA-mandated write-down of approximately CHF 16 billion in Additional Tier 1 bonds. The entity now operates solely as an absorbed brand under UBS, with legacy products and approximately 1.2 million former client accounts integrated into the combined platform.
Credit Suisse firmographics
Firmographics- Name
- Credit Suisse
- Legal name
- Credit Suisse Group AG
- Website
- https://credit-suisse.com
- Company type
- Public
- Founded year
- 1856
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Short description
- Credit Suisse was a major Swiss global financial services firm offering wealth management, investment banking, and asset management to HNW individuals, institutional investors, and corporate clients before its 2023 emergency acquisition by UBS.
- Ownership category
- akta.pro rank
Credit Suisse industry classification
Industry- Product category
- Investment Banking and Wealth Management
- NAICS
- Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)
- akta.pro secondary industries
- Jumbo & Portfolio Wholesale Lending (FSALACAF), Personal Loan & Unsecured Credit Intermediation (FSAEAEAM)
Keywords
Where Credit Suisse is headquartered
LocationHeadquarters
- HQ city
- Morrisville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Credit Suisse business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Wealth Management: Private banking and wealth management services for high-net-worth individuals and families, including portfolio management, advisory services, and financing solutions.
- Investment Banking: Capital markets, advisory, and trading services for corporate and institutional clients.
- Asset Management: Investment management services across traditional and alternative asset classes.
Go-to-market motion1 record
Distribution channels1 record
Credit Suisse product offering
Product offeringCore offering
Credit Suisse was a global financial services company that advised clients in all aspects of finance. It provided private banking and wealth management for high-net-worth individuals, capital markets and advisory services for corporate and institutional clients, and investment management across traditional and alternative asset classes. Following its 2023 acquisition by UBS, its remaining product portfolio includes acquired-brand funds and exchange-traded notes.
Product overview
Credit Suisse was a global financial services company offering wealth management, investment banking, and asset management products. Following its 2023 emergency acquisition by UBS, Credit Suisse operates as an absorbed brand. The remaining product portfolio includes high-yield credit funds (DHY, CIK), commodity-linked exchange-traded notes (GLDI, USOI), and precious metals products. These products are now managed under UBS's platform following the integration of approximately 1.2 million former Credit Suisse client accounts.
Differentiator
Problem solved
Functional benefit
Brands
- Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI): Exchange-traded note issued by Credit Suisse, now an obligation of UBS following the acquisition
- Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)
- Credit Suisse Asset Management Income Fund (CIK)
Products and services
- Credit Suisse High Yield Credit Fund (DHY) A high-yield credit fund that invests primarily in below-investment-grade securities, seeking high current income with capital appreciation as a secondary objective. The fund completed an oversubscribed transferable rights offering in May 2026 generating approximately $60.4 million in gross proceeds.
- Credit Suisse Asset Management Income Fund (CIK) A closed-end fund focused on high-yield fixed income investments, primarily US high-yield corporate debt with a high leverage ratio.
- Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) An exchange-traded note that generates monthly income by selling covered call options on SPDR Gold Shares (GLD), now issued by UBS following its acquisition of Credit Suisse.
- Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) An exchange-traded note generating monthly income by selling covered calls on United States Oil Fund (USO) positions, now an obligation of UBS AG.
- Credit Suisse Gold Bars Swiss gold bars produced by Credit Suisse, which retain legacy appeal despite discontinued production. The bars are evaluated alongside PAMP Suisse and Valcambi for pricing premiums, global recognition, and liquidity.
- Wealth Management Services Private banking and wealth management services for high-net-worth individuals and families, including portfolio management, advisory services, and financing solutions.
- Investment Banking Services Capital markets, advisory, and trading services for corporate and institutional clients.
- Asset Management Services Investment management services across traditional and alternative asset classes.
Quantifiable outcome
- Approximately $290 billion in wealth-management assets under management across Latin America
Companies that use Credit Suisse
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Credit Suisse technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Credit Suisse partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- HDFC BankminorHDFC Bank's Dubai branch sold Credit Suisse AT1 bonds to NRI clients, leading to regulatory scrutiny. The Dubai Financial Services Authority banned HDFC Bank from onboarding new customers as a consequence of mis-selling investigation.
- Yacht Club de MonacocoreCredit Suisse partnered with Yacht Club de Monaco to launch the SEA Index® in 2020, a tool to measure and improve yacht CO2 emissions. The index is now certified by Lloyd's Register and has expanded to a network of 23 ports across the Mediterranean, Seychelles, and Caribbean. The partnership continues under UBS following the acquisition.
Scale indicators5 records
Recent moves6 records
Expansion highlights3 records
Credit Suisse competitors and assessment
Company assessmentDirect peers
- UBS Group AG: Swiss global bank that acquired Credit Suisse in 2023. UBS is the most directly comparable peer as it operates the same integrated wealth management, investment banking, and asset management franchises globally, and now owns Credit Suisse's operations.
- Goldman Sachs Group, Inc. Global investment bank with a growing wealth management division (Goldman Sachs Private Wealth) and asset management arm. Directly comparable to Credit Suisse's investment banking and private banking franchises.
- Morgan Stanley: Global investment bank with the largest US wealth management franchise (over $6 trillion in client assets). Closely comparable to Credit Suisse's combined investment banking and wealth management focus.
- Deutsche Bank AG: German-headquartered global bank operating wealth management, investment banking, and asset management. Closely comparable European peer with similar challenges in post-crisis restructuring.
- HSBC Holdings plc: Global universal bank with strong wealth management and investment banking operations, particularly across Europe and Asia. Comparable integrated model serving high-net-worth individuals and corporate clients.
- Barclays plc: British global bank with investment banking (Barclays Investment Bank) and wealth management divisions. A directly comparable European-headquartered integrated bank.
- BNP Paribas SA: French-headquartered global bank with wealth management, corporate & institutional banking, and asset management divisions. Comparable integrated European bank with similar global footprint.
- Julius Baer Group Ltd. Pure-play Swiss private bank specializing in wealth management for high-net-worth and ultra-high-net-worth individuals. A direct comparable in Credit Suisse's core Swiss private banking business.
Broad incumbents
- JPMorgan Chase & Co. Largest US-headquartered global bank with parallel wealth management (JPM Private Bank), investment banking, and asset management divisions. A broader incumbent but the most direct functional comparable to Credit Suisse's integrated banking model.
- Citigroup Inc. US-headquartered global bank with significant wealth management (Citi Private Bank) and investment banking operations. A broader incumbent with a comparable mix of institutional and private client services.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Credit Suisse social profiles
Digital presenceCredit Suisse financial estimates
Financial estimateRevenue estimate
Valuation estimate
Credit Suisse leadership team
Management profileNumber of profiles
Profiles1 record
Credit Suisse subsidiaries and ownership
Company hierarchySubsidiaries3 records
Credit Suisse funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Credit Suisse M&A and investment
M&A and investmentM&A1 record
Investments162 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Credit Suisse
What does Credit Suisse do?
Credit Suisse was a global financial services company that advised clients in all aspects of finance. It provided private banking and wealth management for high-net-worth individuals, capital markets and advisory services for corporate and institutional clients, and investment management across traditional and alternative asset classes. Following its 2023 acquisition by UBS, its remaining product portfolio includes acquired-brand funds and exchange-traded notes.
Is Credit Suisse a public or private company?
Credit Suisse is a public company. It is classified as corporate owned and is currently acquired.
When was Credit Suisse founded?
Credit Suisse was founded in 1856. It employs 5,001 to 10,000 people.
Where is Credit Suisse based?
Credit Suisse is headquartered in Morrisville, United States, in the North America region.
How does Credit Suisse make money?
Three revenue lines are on record. Wealth Management is the primary driver. The others are investment Banking and asset Management.
Who are Credit Suisse's main competitors?
Direct peers on record are UBS Group AG, Goldman Sachs Group, Inc., Morgan Stanley, Deutsche Bank AG, HSBC Holdings plc, Barclays plc, BNP Paribas SA and Julius Baer Group Ltd.. Broad incumbents are JPMorgan Chase & Co. and Citigroup Inc..
Does Credit Suisse have an API?
No public API is recorded for Credit Suisse.
What industry is Credit Suisse in?
Credit Suisse's product category is Investment Banking and Wealth Management. Its primary akta.pro industry code is FSABADAE, Private Banking Lending (Securities-Backed, Real Estate, Structured Credit), with a secondary code of FSALACAF, Jumbo & Portfolio Wholesale Lending. Its NAICS code is 522 and its SIC code is 6211.