Cs Group, Inc. history

The bank helped develop the Swiss monetary system and, by the end of the Franco-Prussian War in 1871, Credit Suisse was the largest bank in Switzerland.

Credit Suisse had gained its first branch in 1905 when it took over the Basel branch of Oberrheinische Bank.

The founding of the Swiss National Bank in 1907 and the growth in foreign investment by Swiss banks sowed the seeds for Switzerland's eventual role as the banking capital of the world.

After World War I, Credit Suisse continued financing the electrification of the country and, in response to a coal shortage, helped finance the national railroad's conversion to electricity in 1924.

The big banks also came under heavy criticism for the way they dealt with accounts that had been opened before 1945 by victims of the Holocaust--the so-called dormant accounts issue.

Cooperation with White Weld began in 1962 when Credit Suisse purchased the investment bank's Zurich subsidiary, White, Weld & Co.

With the emergence of a free gold market in 1968, Credit Suisse became a major gold trading house and, through its acquisition of the precious metals refinery Valcambi S.A., in Ticino, a manufacturer of ingots and coins.

AG, which was subsequently renamed Clariden Finanz AG (and later still Clariden Bank). In 1970 Credit Suisse and White, Weld set up a holding company for Clariden called WW Trust.

Bank Leu, which catered to the wealthy in Switzerland, became the centerpiece for Credit Suisse's private banking business, which also included Clariden Bank serving customers in North and South America, and the northern European activities of Bank Hofmann (which had been acquired in 1972).

The bank also experienced a major scandal in 1977 when authorities began investigating a fraudulent banking and foreign exchange trading scheme at the company's Chiasso branch involving more than $1.2 billion.

In 1978 White, Weld was purchased by Merrill Lynch & Co.

He also oversaw, however, one of the greatest financial disasters in the company's history, a $150 million issue bought by the company in 1980.

The losses resulted in the resignation of several top executives and left Rainer Gut second in line; Gut became chairman in 1983 following the retirement of Otto Aeppli.

At the beginning of 1984, three CSFB executives defected to Merrill Lynch, taking seven others with them.

By 1986 the bank's assets were $46 billion, and somewhere between $75 billion and $150 billion more were under active management by the bank--well ahead of the estimated $50 billion under the management of the leading American bank in the field, Citicorp.

The stock market crash of 1987 hit CSFB and First Boston particularly hard.

In 1988 Credit Suisse and First Boston restructured their troublesome marriage under a new company, CS First Boston, Inc.

Meanwhile, Credit Suisse had been reorganized in early 1989.

In April 1990 Bank Leu, Switzerland's sixth largest bank, was acquired in the first hostile takeover in Swiss banking.

1994: The group enters into a strategic alliance with Swiss Re.

1995: The group enters into a strategic alliance with Winterthur Insurance, the number two Swiss-based insurance company.

A much more significant restructuring and a refocusing of the overall group began in 1996.

In early 1997, the Big Three banks agreed to set up a SFr 100 million ($70 million) humanitarian fund for the victims of the Holocaust.

The following year saw the purchase of the leading Brazilian investment bank, Banco de Investimentos Garantia S.A. In 1999 Credit Suisse Group acquired Warburg Pincus Asset Management, a unit of Warburg, Pincus & Co., for $650 million.

In May 2000 Gut handed over the chairmanship to Mühlemann, who remained chief executive as well.

Late in 2001 the unit's precious metals trading business and its Australian and New Zealand retail brokerages were sold off.

During 2002 Credit Suisse was forced to inject SFr 3.7 billion ($2.7 billion) into Winterthur to bolster its reserves.

Then in April 2003 CSFB was part of a landmark $1.4 billion settlement between ten Wall Street firms and the New York Attorney General, the Securities and Exchange Commission, and other regulatory agencies.

2004.10.Award Grand Prize of President ‘Industrial Packaging Venture Company’

2006.12.Nominated Best Partner by SK Telecom

In November 2008, the group became an independent company with the spin-off of the former research entity at the University of Applied Sciences at Wolfenbüttel.

2010.11.Award ‘Export Tower for 5million dollar’ by KITA

2011.12.Nominated as Best Partner by SK Telecom

2012.12.Nominated as Best Partner by SK Telecom

2013.01.Supply 4G DAS to Japan Mobile Carrier

2018.02.Relocated Production Line (Pangyo to Sangdaewon)