Table of Contents
When did Credit Suisse buy First Boston?
1978
Credit Suisse bought a stake in First Boston in 1978 and acquired a controlling stake in 1988. It changed the name to Credit Suisse First Boston, or CSFB. The bank made its reputation with a series of mergers in the 1980s, overseen by star bankers such as Bruce Wasserstein.
What happened to Credit Suisse First Boston?
In 2006, as part of a major re-branding exercise to communicate as an integrated organization to clients, employees and shareholders, the Credit Suisse Group retired the ‘First Boston’ name and merged the CSFB operations into the newly reorganized investment banking division of Credit Suisse.
Who owns First Boston?
Credit Suisse
First Boston/Parent organizations
What is so special about Credit Suisse?
Credit Suisse has been recognised as the world’s best private bank by Euromoney’s Global Private Banking Survey and as the best European Equity Manager by Global Investors. In polls by Euromoney, it has been ranked as the top private bank and the best bank in Switzerland.
When did Drexel fail?
Drexel Burnham Lambert
| The Drexel headquarters (right) on Wall Street, New York | |
|---|---|
| Defunct | 1994 |
| Fate | Forced into bankruptcy |
| Headquarters | New York, New York, United States |
| Key people | Fred Joseph (president and CEO) Michael Milken (head of high-yield securities) |
How big are CSFB around the world?
Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations.
Is Barclays a bulge bracket?
As a catchall term for this class of large global investment bank, “bulge bracket” commonly refers to Bank of America Merrill Lynch, Goldman Sachs, Barclays Capital, Credit Suisse, Deutsche Bank, JPMorgan Chase, Citigroup, Morgan Stanley, and UBS.
What does UBS stand for?
the Union Bank of Switzerland
UBS (derived from the Union Bank of Switzerland) is a multinational diversified financial services company headquartered in Zurich and Basel. UBS is involved in virtually all major financial activities, including retail and commercial banking, investment banking, investment management, and wealth management.
What is the largest Credit Suisse footprint outside Switzerland?
Established in India in 1997, the thriving Credit Suisse team has offices in Mumbai, Pune and Gurgaon, with vendor offices in Bangalore, Hyderabad and Kolkata. India represents the second-largest footprint for Credit Suisse outside of Switzerland and it is an important recruitment center for the bank globally.
Why are high-yield bonds called junk bonds?
Junk bonds are also known as high-yield bonds because the interest payments are higher than for the average corporate bond. Companies that issue junk bonds pay these high interest rates to entice investors to take on the higher risk of lending them money.
How many customers does Credit Suisse have?
Our Private Clients business has a leading client franchise in Switzerland, serving approximately 1.5 million clients, including UHNWI, high-net-worth individual (HNWI), affluent and retail clients.
Is Nomura a BB?
Bulge-bracket firms in tier one include Goldman Sachs, Bank of America, Morgan Stanley, J.P. Morgan, Citi, Barclays, Credit Suisse, UBS, Deutsche Bank and Nomura.
When was first Boston acquired by Credit Suisse?
First Boston Corporation was a New York-based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1990. Together with its sister investment banks, it was referred to as CS First Boston after 1993 and part of Credit Suisse First Boston after 1996.
When did Credit Suisse change its name to CSFB?
In the mid-1990s, Credit Suisse renamed itself as Credit Suisse First Boston (CSFB) worldwide. The terms Credit Suisse First Boston and CSFB are generally used to refer to the global investment bank, and not only the original London franchise.
When did first Boston start trading in London?
In 1978, First Boston began its highly successful London operations in partnership with Credit Suisse (see “Relationship with Credit Suisse” below) and became a leading Eurobond trader and underwriter.
When was first Boston listed on New York Stock Exchange?
In 1971, The First Boston Corporation listed on the New York Stock Exchange developed its equity, sales, research, and trading operations. In 1978, First Boston began its highly successful London operations in partnership with Credit Suisse (see “Relationship with Credit Suisse” below) and became a leading Eurobond trader and underwriter.