Credit Suisse
Swiss multinational bank
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| 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. |
| 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. |
| 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. |
| 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 | 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 | 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. |
| 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. |
| 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'. |
| 2021 | Credit Suisse granted $2 billion in loans to ultra-high-net-worth clients, transferring default risks to hedge funds by offering assets like jets, yachts, and real estate as security at an 11% interest rate. |
| 2021 | Credit Suisse suffered significant losses associated with the collapses of Archegos Capital and Greensill Capital, damaging the bank's investment banking performance. |
| 2020 | Tidjane Thiam's tenure as CEO of Credit Suisse ended after five years of leadership. |
| January 1 2020 | Beginning of a period where Credit Suisse's internal control over financial reporting was flagged as problematic by auditor PwC, continuing through 2022. |
| 2019 | Credit Suisse put two private jets owned by Arkady Rotenberg and Boris Romanovich Rotenberg, valued at $25 million and $15 million respectively, up for sale. |
| May 2018 | Oleg Deripaska was required to return three private jets owned by Credit Suisse and Raiffeisen. |
| 2017 | First wave of client defaults occurred, likely related to US sanctions against Russian oligarchs. |
| 2015 | Tidjane Thiam became CEO of Credit Suisse and began discussing potential merger possibilities with colleagues. |
| 2014 | Credit Suisse began funding private jet purchases for high-net-worth clients. |
| February 2013 | The Irish High Court referenced Credit Suisse First Boston advertisements in a legal judgment by Mr. Justice Michael Moriarty, which was part of an investigation into tax-evading offshore bank accounts. |
This contents of the box above is based on material from the Wikipedia articles Credit Suisse First Boston, Suisse Secrets & Acquisition of Credit Suisse by UBS, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.