Credit Suisse First Boston
Type	Public
Founded	1856
Headquarters	New York, NY
Key people	K Abraar Ahmed,CEO Walter B. Kielholz, Chairman of Credit Suisse Group
Industry	Investment services
Products	Financial Services Investment Banking
Revenue	$64.543 billion (Credit Suisse Group) USD (2004)
Employees	60,532 (Dec 2005 - Credit Suisse Group)
Slogan	Empowering Change
Website	www.credit-suisse.com

Credit Suisse First Boston (CSFB) is a bulge bracket New York City based investment banking and financial services firm. It is a division of the Credit Suisse NYSE: CSR group and has started operating under the Credit Suisse name since 16 January 2006. Image File history File links Credit Suisse First Boston logo, claiming fair use File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... A public company is a company owned by the public rather than by a relatively few individuals. ... 1856 was a leap year starting on Tuesday (see link for calendar). ... New York, New York redirects here. ... Invest redirects here. ... To meet Wikipedias quality standards, this article may require cleanup. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links Green_Arrow_Up. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Look up Slogan in Wiktionary, the free dictionary. ... This page as shown in the AOL 9. ... Bulge bracket is a phrase associated with finance, in particular the investment banking industry. ... Nickname: Big Apple, City that never Sleeps Location in the state of New York Coordinates: Country United States State New York Boroughs Bronx (The Bronx) New York (Manhattan) Queens (Queens) Kings (Brooklyn) Richmond (Staten Island) Mayor Michael Bloomberg (R) Area    - City 1,214. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... To meet Wikipedias quality standards, this article may require cleanup. ... The current version of the article or section reads like an advertisement. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is the largest stock exchange in the world in dollar volume and second largest by number of companies listed. ...

The firm caters for three different categories of clients: institutional, investment banking, and investment management clients. An institution is a group, tenet, maxim, or organization created by a group of humans. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Investment management, the professional management of various securities (shares, bonds etc) and other assets (e. ...

The institutional clients are served by the following divisions of the bank: CSFB HOLT, Equities, Fixed Income, Life Finance, Prime Services, and Research. The investment banking clients have access to : Mergers & Acquisitions, Equity Capital Markets, Debt Capital Markets, Private Placement, Leveraged Finance, Industry Experience, and Regional Presence divisions.

The investment management clients side of the bank are looked after by the following branches of the bank: Alternative Capital, Asset Management, CSFB VOLARIS, and Private Client services.

Overview

Credit Suisse (CS) is a leading global investment bank serving institutional, corporate, government and high net worth clients. CS's businesses include securities underwriting, sales and trading, investment banking, private equity, alternative assets, financial advisory services, investment research, and asset management.

CS is a global institution. It operates in more than 69 locations across more than 33 countries on five continents. With a strong local presence, global vision and a noted ability to execute transactions in and across all markets, CS deploys its capital base and global perspective to offer a full range of products, services and capabilities.

The Firm operates under a "One-Bank" policy as part of the Zurich-based Credit Suisse Group, a leading global financial services company. In addition to the business unit Credit Suisse, Credit Suisse Group also includes the Credit Suisse Financial Services business unit, which provides private clients and small and medium-sized companies with private banking and financial advisory services, and banking products. Its pension and insurance division Winterthur was sold to AXA Financial in 2006.

(See [1])

Structure

Credit Suisse First Boston is a part of The Credit Suisse Group, which is comprised of three business units: Credit Suisse, Credit Suisse First Boston, and Winterthur insurance. The latter has been sold to the French AXA insurance group. Its transition is still pending on EU authority rulings.

Credit Suisse

The Credit Suisse business unit is a leading provider of comprehensive financial services in Europe and other selected markets. Credit Suisse offers investment products, private banking and financial advisory services for private and corporate clients. The current version of the article or section reads like an advertisement. ... The current version of the article or section reads like an advertisement. ... The current version of the article or section reads like an advertisement. ...

Credit Suisse

Credit Suisse is a proven leader across the spectrum of investment banking, capital markets and financial services, ranking in the top tier in virtually all major business segments. Credit Suisse's organizational structure focuses on providing the highest quality of client-centric services.

• Institutional Securities - Securities serves the broad needs of institutional clients with expertise in Equities, Fixed Income, Prime Services and Research. Investment Banking serves corporate clients' needs through Mergers and Acquisitions, Equity Capital Markets, Debt Capital Markets, Private Placements and Leveraged Finance services.

• Wealth & Asset Management - Wealth and Asset Management meets the need of individual and institutional investors. Credit Suisse Asset Management is a leading global asset manager focusing on institutional, investment fund and private client investors, providing investment products and portfolio advice in three regions (Americas, Asia Pacific and Europe). Private Client Services (PCS) works with a select number of wealthy individuals and family groups in the US to provide a high degree of personalized service. PCS works closely with all areas of the Firm, providing our clients with the same resources and services offered to CSFB's largest and most sophisticated institutional investors. CS Alternative Investments is one of the industry's leading alternative asset platforms, comprising CS's franchises in private equity, hedge funds, leveraged loans & CDOs, as well as CSFB's Private Fund Group.

Ownership equity, commonly known simply as equity, also risk or liable capital, is a financial term for the difference between a companys assets and liabilities -- that is, the value that accrues to the owners (sole proprieter, partners, or shareholders). ... Fixed income refers to any type of investment that yields a regular (fixed) payment. ... Research is often described as an active, diligent, and systematic process of inquiry aimed at discovering, interpreting and revising facts. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ...

History

• 1856 - Credit Suisse founded
• 1905 - First branch (in Basel)
• 1940 - First branch outside Switzerland (in New York)
• 1978 - Start of co-operation with The First Boston Corporation
• 1988 - Controlling stake in The First Boston Corporation
• 1989 - CS Holding became parent company of the Group
• 1990 - Acquisition of Bank Leu
• 1993 - Acquisition of Swiss Volksbank
• 1994 - Strategic alliance with Swiss Re
• 1995 - Strategic alliance with Winterthur Group
• 1996 - CS Holding becomes Credit Suisse Group
• 1997 - Merger with Winterthur Group
• 2000 - Acquisition of Donaldson, Lufkin & Jenrette (DLJ)
• 2002 - Streamlining of the Group's organizational structure into two business units: Credit Suisse Financial Services and Credit Suisse First Boston
• John Mack - slashes 10,000 jobs
• 2004 - Focussing the Group's organizational structure on three business units:Credit Suisse, Credit Suisse First Boston and Winterthur

testing Credit Suisse First Boston (CSFB) is a New York City based investment banking and financial services firm. ... Credit Suisse First Boston (CSFB) is a New York City based investment banking and financial services firm. ...

• 2006 - CSFB's name drops the "First Boston" part of its name

(See [2])

Mergers & Acquisitions

CSFB USA is a wholly owned subsidiary of Credit Suisse First Boston Inc., which is, in turn, a wholly owned subsidiary of CS. CS is a wholly owned subsidiary of CSG. CSFB USA was created through the merger with DLJ, which was closed on Nov. 3, 2000. CSFB LLC, CSFB's principal U.S. registered broker-dealer subsidiary, became a subsidiary of DLJ, and DLJ changed its name to CSFB USA.

Prior to the DLJ Merger, the Credit Suisse Group (CS) purchased First Boston in 1988 creating CS First Boston. The Firms bulge bracket status came after the merger with Donaldson, Lufkin, & Jenrette (DLJ).

(See [3])

Quick facts

• Frank Quattrone, was poached from Morgan Stanley and helped CSFB jump to the top of the tech and Internet advisory league tables in the late 90's.
• CSFB was ranked #2 in the total volume of high-yield bond issuance and #1 in high-yield transactions in 2004, it also held the #3 position in global IPO underwriting in 2004.
• CSFB was awarded the Best Foreign Investment Bank in Indonesia in 2005.
• Credit Suisse First Boston (CSFB) and Morgan Stanley were principal underwriters of the 2004 Google IPO.
• First Boston along with Salomon Brothers were the original creators of the collateralized mortgage obligation, it was invented in June 1983. Along with junk bonds, the CMO is considered one of the most important financial innovation of the 1980s.
• Winterthur was divested to AXA, the French insurance company for approximately $10B on July 14th, 2006.

Frank Quattrone (born 1956) is a former investment banker at Credit Suisse First Boston who was prosecuted for interfering with a government probe into Credit Suisse First Bostons behavior in allocating hot IPOs. ... Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider with headquarters in New York City. ... High yield debt (non-investment grade or junk bond) is a business term referring to a corporate debt instrument, usually a bond, that has a higher yield (compared to investment grade debt) because of a high perceived credit risk (default risk). ... Wikipedia does not yet have an article with this exact name. ... Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider with headquarters in New York City. ... Google, Inc. ... An initial public offering (IPO) is the first sale of a corporations common shares to public investors. ... Credit Suisse First Boston (CSFB) is a New York City based investment banking and financial services firm. ... Salomon Brothers was a Wall Street investment bank. ... A Collateralized Mortgage Obligation (CMO) is a type of Mortgage Backed Security, which has been divided up into tranches. ... Winterthur Group is a multinational insurance company founded in Winterthur in Switzerland in 1875. ... AXA (Euronext: CS, NYSE: AXA) is a French insurance company and the world largest insurance company with its 189 000 employees and 122 billions dollars of revenues in 2004. ...

Competitors

• Primary dealers
• Goldman Sachs
• Deutsche Bank
• Morgan Stanley
• JPMorgan
• Lehman Brothers
• Merrill Lynch
• ABN AMRO

Primary dealers are banks or brokerage firms who may trade directly with the Federal Reserve System. ... Goldman Sachs offices at the Fraumünsterplatz in Zürich (the light-colored building on the left) The Goldman Sachs Group, Inc. ... Deutsche Bank AG NYSE: DB (German for German Bank) is a multinational bank operating worldwide and employing more than 67,500 people (Dec. ... Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider with headquarters in New York City. ... J.P. Morgan Chase & Co. ... Lehman Brothers Holdings, Inc. ... Merrill Lynch & Co. ... ABN AMRO (Euronext: AAB, (NYSE: ABN)) is the largest bank in the Netherlands and has operations all over the world, its history going back to 1824. ...

Diversity

Credit Suisse First Boston LLC was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mother magazine.

Notable current and former employees

Business

• Robert Diamond - president of Barclays plc
• James P. Kelley - co-founder of Vestar Capital Partners
• John J. Mack - chairman and CEO of Morgan Stanley
• Aditya Mittal - son of Lakshmi Mittal, CEO of Mittal Steel
• Daniel S. O'Connell - co-founder of Vestar Capital Partners
• Joseph R. Perella - financial analyst
• Frank Quattrone - financial analyst
• Nassim Taleb - practitioner of financial mathematics
• G. Ware Travelstead - property developer
• Bruce Wasserstein - chairman and CEO of Lazard
• Deborah Wright - CEO of Carver Bancorp

Robert Edward Diamond, Jr. ... Barclays Bank headquarters One Churchill Place, Canary Wharf Barclays PLC (LSE: BARC, NYSE: BCS, TYO: 8642 ) is the third largest bank in the United Kingdom. ... James P. Kelley is President and founding partner of Vestar Capital Partners, a $7 billion private equity firm which concentrates its investments in management buyouts, growth capital, and recapitalizations. ... John J. Mack (1945? - ) is the present CEO and Chairman of the Board of Morgan Stanley. ... Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider with headquarters in New York City. ... Aditya Mittal (born c. ... Lakshmi Niwas Mittal (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur, in Churu district of Rajasthan, India, and residing in Kensington, London. ... Mittal Steel Company N.V. (NYSE: MT) is the worlds largest steel producer. ... Daniel S. OConnell is CEO and founder of Vestar Capital Partners, a $7 billion private equity firm which concentrates its investments in management buyouts, growth capital, and recapitalizations. ... This article contains information that has not been verified and thus might not be reliable. ... Frank Quattrone (born 1956) is a former investment banker at Credit Suisse First Boston who was prosecuted for interfering with a government probe into Credit Suisse First Bostons behavior in allocating hot IPOs. ... Nassim Nicholas Taleb (b. ... Gooch Ware G Travelstead is an American property developer and entrepreneur, born in Kentucky in 1938. ... This article needs to be cleaned up to conform to a higher standard of quality. ... Lazard LLC (NYSE: LAZ) is a New York-based, independent investment bank with more than 2,500 employees in Asia, North America, and Europe. ... Deborah C. Wright is President and CEO of Carver Bankcorp, the holding company for Carver Federal Savings Bank. ... Carver Bancorp, Inc. ...

Politics and public service

• Aída Álvarez - Administrator of the U.S. Small Business Administration (1997-2001)
• John Buchanan-Riddell - Lord Lieutenant of Northumberland (2001-present)
• Richard Holbrooke - U.S. Ambassador to the United Nations (1999-2001)

Aída Álvarez (born 1950 in Aguadilla, Puerto Rico) is the first Hispanic woman and Puerto Rican to hold a position in a Presidents Cabinet. ... Sir John Buchanan Riddell, 13th Baronet CVO FRSA, was Private Secretary to the Prince of Wales 1985–1990. ... This is an incomplete list of people who have served as Lord-Lieutenant of Northumberland. ... Richard Charles Albert Holbrooke (born April 24, 1941) has had a varied career as a professional American diplomat, magazine editor, author, Peace Corps director, and investment banker. ... The United Nations (UN) is an international organization whose stated aims are to facilitate co-operation in international law, international security, economic development, and social equity. ...

Others

• Alan Budd - economist
• Harry Crosby - actor
• Howard Porter - comic book artist
• Robert L. "Nob" Rauch - ultimate frisbee administrator
• Juan Antonio Samaranch Salisachs - son of Juan Antonio Samaranch
• Arthur Taylor - academic

Sir Alan Budd was a founding member of the Bank of England’s Monetary Policy Committee in the summer of 1997. ... Harry Lillis Crosby III (born 8 August 1958) is an American actor, singer and investment banker. ... The cover to The Flash #225, artwork by Howard Porter and John Livesay. ... Robert L. Nob Rauch, born September 10, 1958, is a financier and flying disc sports administrator. ... Ultimate (often called ultimate Frisbee) is a competitive non-contact team sport played with a flying disc. ... Juan Antonio Samaranch Salisachs was born November 1, 1959 as son of Juan Antonio Samaranch (former president of the International Olympic Committee) and his late wife Bibi Salisachs. ... Juan Antonio Samaranch Juan Antonio Samaranch, Marquess de Samaranch (also known as Torello) (born July 17, 1920 in Barcelona) is a Spanish sports official and was president of the International Olympic Committee (IOC) from 1980 to 2001. ... Arthur R. Taylor (born 1935) is an American businessman. ...

References

• Michael Lewis, Liar's Poker (Penguin, 1990), ISBN 0-14-014345-9.

Michael Lewis, born in New Orleans, is an American contemporary non-fiction author. ... Liars poker is a bar game that combines statistical reasoning with bluffing, and is played with the eight-digit serial number on a dollar bill. ...

External links

• Credit Suisse official site