Credit Suisse Group is the #2 financial services firm in Switzerland
By admin on Oct 21, 2008 in Banking, Swiss Banking
Credit Suisse Group is the #2 financial services firm in Switzerland, though far behind behemoth UBS. As a dedicated private bank within one of the world’s leading financial institutions, we can offer you: Exclusive personal service Expert advice on how to protect and grow your wealth The right solutions for your needs The wisdom of years of financial experience. In Investment Banking, it offers investment banking and securities products and services to corporate, institutional and government clients worldwide. Credit Suisse SingaporeWe combine financial expertise and leading edge technology with Swiss banking tradition to deliver service excellence to our clients around the world. All present and future rights in and title to the Service (including the right to exploit the Service and any portions of the Service over any present or future technology) are reserved to Bloomberg for its exclusive use.
Banking
In total, the Private Banking division accounted for 33% of net revenue and 37% of net income in 2007. In Switzerland, Credit Suisse serves its corporate and retail banking clients with 215 banking branches throughout the country. The strength of the world economy has promoted quicker recovery in Western Europe, which benefits Credit Suisse in the form of higher revenues from net capital inflows, as well as inter-generational wealth transfers, which will boost the revenue generated by the inheritance planning services of Credit Suisse’s private banking division. Kreis said he expects the private banking team in Asia could grow to between 650 and 800 people in three years from 440 at the end of June, and aims to grow assets by 25 percent a year. He said the strategy includes expanding the offshore booking centers in Hong Kong and Singapore, as well as building onshore private banking centers in places such as Australia, Indonesia, Japan and India. Dankner examined 26 banks before deciding to invest in Credit Suisse, which specializes in private banking. Private Banking (services for private investors in Switzerland and internationally); Investment Banking (financial advisory and capital raising services, sales and trading for users and suppliers of capital around the world) and Asset Management (offers investment products i. But the Swiss banking shares recovered slightly and UBS shares posted a modest gain by mid-morning.

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