Credit Suisse First Boston-CSFB Information

Credit Suisse First Boston (abbreviation: CSFB) was founded in 1856 in investment banking and financial services companies, it is the "Credit Suisse" investment banking sector. CSFB is headquartered in Zurich, Switzerland. CSFB's parent company, Credit Suisse Group, Switzerland's second-largest bank, after its long-term competitor, "Union Bank of Switzerland" (UBS AG). Credit Suisse First Boston's( CSFB)name mean? "First Boston" name from 1933, when First National Bank of Boston, the securities institutions and securities institutions Chase National Bank merged to form the First Boston Corporation, mainly engaged in investment banking. 1988, established the now Credit Suisse First Boston, Credit Suisse has a 44.5% stake. In 1996, the company's restructuring, the original shareholders of First Boston's way through the swap, give up equity turn into First Boston Credit Suisse shareholders, and convertible by Credit Suisse, Credit Suisse First Boston made all the company's shares. Since then, the company further evolved into large financial holding group, began to use more specialized subsidiaries engaged in banking, securities, trust and other financial services. Credit Suisse First Boston (CSFB) will be integrated into the parent company, has a 72-year-old "First Boston" brand, will gradually be abandoned, the Group will strive to increase net profit by 2007 to more than 8 billion francs per year. CSFB - Credit Suisse Group summary: Credit Suisse Group consists of four banking division, composed of an insurance department. Currently, Credit Suisse Group is the world's largest financial groups, total assets reached $ 435 billion. By global income, Credit Suisse Group ranks second in the world; by capital basis, Credit Suisse Group, the world's No. 16. Group, CSFB's investment banking division is the world's five largest investment banks; private banking assets amounted to $ 280 billion, ranking second in the world, and the Winterthur insurance company is Europe's fifth largest insurance company. Credit Suisse Group currently employees 63,000 people, of which 60% in Switzerland, the rest scattered around the world. Group chairman of Mu Leike, president of Credit Suisse First Boston as John Mack.