Credit Suisse Group AG was a leading global investment bank and financial services firm headquartered in Zurich, Switzerland, renowned for its extensive expertise in wealth management, investment banking, and asset management. Founded in 1856 to fund the development of the Swiss rail system, it grew into a global systemically important institution serving corporations, institutional clients, and high-net-worth individuals across more than 50 countries. The firm was historically recognized for its significant role in Swiss economic development and its adherence to strict banking secrecy standards. In June 2023, following a period of financial instability, Credit Suisse was acquired by its long-time competitor UBS Group AG, leading to the eventual merger of their operations and the dissolution of the Credit Suisse brand as an independent entity.
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