Credit Suisse: An Overview
Credit Suisse Group is a true financial holding company that is comprised of several corporations and is one of the largest influential public companies in the world. Its main headquarters is located in Zurich, Switzerland, where it was originally built to finance the development of the Swiss rail grid. After years it has flourished and has become one of the most important and powerful Swiss institutions, and it has been known as the world’s leading private Bank.
The Credit Suisse Group is a multinational financial services holding company, headquartered in Zurich, which operates the Credit Suisse Bank and other financial services investments. The company has four distinct divisions: Investment Banking Private Banking Asset Management and a shared Services Group which provides marketing and support to the other three divisions.
Credit Suisse has been awarded and is known as the world’s best private bank by Euromoney’s Global Private Banking Survey.
The Bank recommends a financial strategy called bancassurance which is a relationship between a bank and an insurance company, or a single integrated organization. Credit Suisse developed the CreditRisk+ model of risk assessment in loans, which focuses on the chance of default based on the exogenous Poisson method.
The financial market produces one of the six hedge funds following the European stock index that are used to evaluate the performance of the markets. The investment bank also has a 30 ownership in hedge fund investment firm York Capital Management. The Bank manages the financial instrument of the Dow Jones Credit Suisse index.
The Bank’s head of equity investment in Europe said the team focuses on “Value with an emphasis changes that may influence the stock price” according to a story in the Wall Street Journal, the head of Credit Suisse’s International Focus Fund which keeps a portfolio of only 40-50 stocks, instead of the industry-norm of more than 100.