Credit Suisse
Swiss multinational bank
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| March 2025 | The UK's Financial Conduct Authority (FCA) prohibited Andrew Pearse and Surjan Singh, former Credit Suisse managing directors, from working in the UK financial services industry. |
| March 2025 | Investigations uncovered that Credit Suisse allegedly concealed Nazi-linked bank accounts by placing them under a secret 'American blacklist' file to evade detection. |
| 2024 | CS First Boston ceased to exist following the Credit Suisse acquisition by UBS. |
| December 2024 | Parliamentary commission released a report concluding that Credit Suisse had mismanaged its finances, leading to its collapse, while finding no mistakes by Swiss authorities. |
| July 2024 | Credit Suisse (Schweiz) fully integrated into UBS Switzerland and ceased to exist as a separate legal entity. |
| June 2024 | A group of Credit Suisse bondholders holding $82 million in ATL debt filed a lawsuit against Switzerland seeking compensation for their loss of capital. |
| 2023 | Credit Suisse introduced a new bonus structure for top executives and senior bankers, requiring them to stay with the bank for three years or risk repaying their bonuses. Subsequently, the Swiss federal government and the bank's shareholders voted to withdraw or significantly reduce bonus payments to top management. |
| 2023 | Credit Suisse halted its internal investigation into Nazi-linked accounts, drawing condemnation from the U.S. Senate Budget Committee and Holocaust survivors. |
| 2023 | The US Department of Justice determined that Credit Suisse violated its previous plea agreement by failing to report secret offshore accounts used by wealthy Americans to avoid paying taxes. |
| 2023 | Credit Suisse's Singapore unit was ordered to pay $743 million to Georgian billionaire Bidzina Ivanishvili for fraud. |
| 2023 | Over $9 billion in legal claims were pending in US and Swiss courts, primarily related to the controversial AT1 bonds write-off during the acquisition. |
| 2023 | UBS announced a record profit of nearly $30 billion in the second quarter following the acquisition of Credit Suisse. |
| August 2023 | UBS declared job losses in Switzerland would be 3,000, noting that 8,000 Credit Suisse employees had already left since the start of 2023. |
| August 2023 | UBS announced that money outflows at Credit Suisse had stopped. |
| August 11 2023 | UBS announces the termination of the CHF9 billion backstop with the Swiss government and the CHF100 billion liquidity backstop with the Swiss National Bank. |
| July 2023 | UBS (Credit Suisse's parent company) was fined $269 million by the Federal Reserve and $119 million by the Bank of England for failures in risk management. |
| June 14 2023 | Switzerland formed a parliamentary commission to investigate the collapse of Credit Suisse. |
| June 12 2023 | Swiss government and UBS sign a contract where the government agrees to pay UBS up to CHF9 billion if the acquisition results in a loss. |
| June 12 2023 | UBS completed the acquisition of Credit Suisse, finalizing the merger that was initially agreed upon in March 2023. |
| May 5 2023 | Credit Suisse announced a $1.6 billion debt-for-nature swap for Ecuadorian bonds, purchasing the bonds for $644 million. The deal involves the Ecuadorian government pledging $18 million annually for two decades to conservation efforts in the Galapagos islands. |
| April 2023 | The Swiss Attorney General's office initiates an investigation into potential criminal offenses related to the Credit Suisse acquisition by UBS, with investigation results to be sealed for 50 years. |
| April 2023 | Credit Suisse holds a shareholders' meeting where CEO Ulrich Körner admits the bank's failure, stating 'We didn't succeed. We ran out of time. This fills me with sorrow'. |
| April 5 2023 | Sergio Ermotti is reappointed as CEO of UBS Group, replacing Hamers. |
| March 2023 | Harris Associates exits all of its Credit Suisse stock positions. |
| March 2023 | A gfs.bern research institute survey reveals that 54% of Swiss citizens disagree with the emergency rescue plan for Credit Suisse, with 61% preferring state nationalization. |
| March 19 2023 | Regulators from multiple countries anticipate that Credit Suisse would not have been able to open for business without a bailout or acquisition. |
| March 19 2023 | Swiss Federal Council holds an emergency meeting to allow the merger of UBS and Credit Suisse without shareholder approval, providing liquidity assistance and a governmental default guarantee. |
| March 19 2023 | UBS Group AG agreed to buy Credit Suisse in an all-stock deal brokered by the Swiss government and Swiss Financial Market Supervisory Authority, with support from the Swiss National Bank providing over billions in liquidity and the Swiss government guaranteeing potential losses. |
| March 17 2023 | BlackRock investment management company considers and then drops out of potentially acquiring parts of Credit Suisse, reportedly to avoid angering UBS. |
| March 15 2023 | Credit Suisse stock (CS) on NYSE falls from $2.50 to $1.88 a share, signaling significant financial instability. |
| March 15 2023 | Swiss National Bank provides Credit Suisse with an emergency line of credit of $55 billion to stabilize the bank amid growing financial concerns. |
| March 15 2023 | Saudi National Bank chairman Ammar Al Khudairy publicly states they will not invest further in Credit Suisse during a Bloomberg Television interview at a Riyadh conference, causing investor panic and a sharp decline in Credit Suisse's stock and bond prices. |
| March 14 2023 | Credit Suisse published its 2022 annual report, acknowledging 'material weaknesses' in controls over financial reporting. |
| February 9 2023 | Credit Suisse reported an annual loss of CHF 7.3bn, the biggest loss since the 2008 financial crisis. |
| 2022 | The US Department of Justice opened an investigation into whether Credit Suisse continued to assist clients in hiding assets from tax authorities, potentially violating the terms of the 2014 settlement. |
| December 2022 | Credit Suisse completed a CHF 4.00bn capital increase through a CHF 2.24bn rights issue and a CHF 1.80bn private placing. |
| November 2022 | Credit Suisse announced the sale of the majority of its Securitized Products Group to Apollo Asset Management to reduce Risk-Weighted Assets (RWA). |
| October 2022 | Bank chairman Axel Lehmann assured investors of the bank's stability after wealthy clients began moving their assets out of the bank. |
| October 2022 | A US jury found that Credit Suisse did not collude with other banks to manipulate forex rates in a class-action trial. |
| October 2022 | Social media rumors about the bank's potential collapse triggered financial uncertainty, leading to significant wealth management business outflows. |
| October 30 2022 | Credit Suisse officially renamed its investment banking division to 'CS First Boston'. |
| October 27 2022 | Credit Suisse announced its intention to restructure its investment bank by creating an independent bank called CS First Boston, transitioning its capital markets and advisory activities. |
| October 7 2022 | Credit Suisse offered to buy back US$3 billion worth of debt and put Zurich's Savoy Hotel on sale in response to social media-driven stock pressure and client concerns about the bank's stability. |
| August 2022 | Harris Associates revealed as the largest shareholder of Credit Suisse, holding over 10% of the group's shares. Saudi National Bank also holds a 10% stake, and Qatar Investment Authority boosts its stake to 6.87%. |
| July 2022 | Ulrich Körner becomes CEO, taking over from Thomas Gottstein. |
| June 27 2022 | The Federal Criminal Court of Switzerland found Credit Suisse and a former employee guilty of insufficient prevention of money laundering by a Bulgarian cocaine trafficking gang, imposing a fine and ordering asset confiscation. |
| March 2 2022 | Credit Suisse requested investors to destroy documents related to the securitization of yacht loans to oligarchs. |
| February 2022 | The European People's Party of the European Parliament proposed reviewing Swiss banking practices and money laundering status, requesting the European Commission to reclassify Switzerland as a high-risk country for financial crime in response to the Suisse Secrets leaks. |
| February 20 2022 | Credit Suisse officially responded to the Suisse Secrets allegations, strongly rejecting wrongdoing and claiming that 90% of the reviewed accounts were closed or in the process of closure. The bank characterized the allegations as a potential 'coup against the Swiss banking industry'. |
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This contents of the box above is based on material from the Wikipedia articles Credit Suisse, Suisse Secrets, Acquisition of Credit Suisse by UBS & Credit Suisse First Boston, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.