The Credit Suisse business unit offers investment products, private banking and financial advisory services for private and corporate clients. The structure was streamlined into two business units: Credit Suisse First Boston and Credit Suisse Financial Services. It was the first Internet banking in Switzerland.The Credit Suisse Group was once again restructured in 2002.

Additionally, at the same time, the bank opened its own Internet banking service called “Direct Net”. These moves immediately vaulted Credit Suisse into the top ten financial services companies in the world. The merger of global investment banking operations under Credit Suisse First Boston and the acquisition of Winterthur Insurance, one of the biggest Swiss-based insurance companies. At the same time, Credit Suisse began to provide banking services by telephone.In 1997, the bank undertook several important transformations including the renaming of CS Holding as Credit Suisse Group. In 1993, Swiss Volksbank, the nation’s fourth largest bank was acquired. In 1988, Credit Suisse purchased First Boston creating CS First Boston, Inc.

It also became a major gold trading house.In 1978, the bank began its partnership with the First Boston Corporation in the U.S., acquiring a controlling stake in the firm.

The bank also helped develop the Swiss monetary system and, by 1871 the Bank Credit Suisse became the largest in Switzerland.The first branch was opened in Basel in 1905. He put 3m Swiss francs worth of shares on public offer and later received 218m Swiss francs in subscriptions within three days.Credit Suisse was originally founded to finance the development of Swiss national railway, industry and electrification. The history of Credit Suisse dates back to Jwhen a young politician and businessman Alfred Asher established Schweizerische Kreditanstalt in Zurich.

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