Credit Suisse

Founded in 1856, Credit Suisse Group AG was a leading global financial services company headquartered in Zurich, Switzerland. For over 167 years, it offered a broad range of services to private, corporate, and institutional clients worldwide, with core operations in wealth management, investment banking, and asset management. Renowned for its Swiss banking heritage, particularly in private banking, the firm faced a series of major financial scandals, risk management failures, and significant losses in the early 2020s. This culminated in a crisis of confidence, leading to an emergency, government-brokered acquisition by UBS Group, which was completed in June 2023 to prevent a wider collapse in the global financial system.