22 Facts About Credit Suisse

1. Credit Suisse has maintained outperform rating and raised target to Rs 1,060 from Rs 1,050 per share.

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2. Credit Suisse is going for growth in American investment banking.

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3. Credit Suisse has become the latest bank to broadcast the crippling cost of compliance.

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4. Credit Suisse has scaled down its trading business to focus on wealth management.

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5. Credit Suisse is governed by a board of directors, its shareholders and independent auditors The Board of Directors organize the annual General Meeting of Shareholders while investors with large stakes in the company determine the agenda.

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6. Credit Suisse posted its first and only loss ever in 1867.

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7. Credit Suisse had to defend the interests of Swiss investors abroad, a delicate matter during such a chaotic period.

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8. Credit Suisse had gained its first branch in 1905 when it took over the Basel branch of Oberrheinische Bank.

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9. Credit Suisse branched out from Zurich during this period and had 13 different locations in Switzerland by the beginning of World War I; the bank's head count increased to more than 1,000.

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10. Credit Suisse is more internationally minded than most European banks.

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11. Credit Suisse is a member of Wall Street's bulge bracket, a list of nine of the largest and most profitable banks.

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12. Credit Suisse developed the CreditRisk+ model of risk assessment in loans, which is focused exclusively on the chance of default based on the exogenous Poisson method.

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13. In May 2014, Credit Suisse pleaded guilty to conspiring to aid tax evasion.

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14. Credit Suisse operates a process which since 2007 uses RepRisk, a Swiss provider of ESG Risk analytics and metrics, to screen and evaluate environmental and social risks of risky transactions and due diligence.

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15. In 2006, Credit Suisse acknowledged misconduct for helping Iran and other countries hide transactions from US authorities and paid a $536 million settlement.

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16. Credit Suisse restructured again in 2004 under what it calls the "one bank" model.

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17. Credit Suisse injected $725 million to keep First Boston in business, which ultimately led to the company being taken over by Credit Suisse.

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18. Credit Suisse helped fund the creation of Switzerland's electrical grid through its participation with Elektrobank, a coalition of organizations that co-financed Switzerland's electrical grid.

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19. Credit Suisse played a substantial role in the economic development of Switzerland, helping the country develop its currency system, funding entrepreneurs and investing in the Gotthard railway, which connected Switzerland to the European rail system in 1882.

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20. Credit Suisse is governed by a board of directors, its shareholders and independent auditors.

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21. Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system.

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22. Credit Suisse is known for its strict bank–client confidentiality and banking secrecy practices.

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