Credit Suisse AG

Credit Suisse AG is a Swiss banking entity that historically operated global wealth management, investment banking, Swiss domestic banking, and asset management businesses; since June 2023 it has been wholly owned by UBS Group AG following a regulatory-driven rescue and is in an extended integration and wind‑down process. The firm’s recent history includes significant risk and compliance failures (notably exposures linked to Archegos Capital and Greensill, litigation related to historical misconduct, and sustained client outflows in 2022–2023) that culminated in liquidity support from the Swiss National Bank and an emergency takeover, with certain capital instruments written down and multiple legal disputes ongoing. Under UBS ownership, Credit Suisse AG’s investment banking activities are being materially reduced, non‑core assets are being exited or run off, and selected businesses and client relationships are being migrated to UBS platforms; legacy booking centers and the use of the Credit Suisse brand continue in some locations during the transition, subject to regulatory approvals and local timelines. The entity remains supervised by FINMA and is subject to Swiss capital and liquidity regulation, with further legal‑entity mergers and product rationalization expected as integration progresses. Prospective and current clients should expect changes to account documentation, coverage terms, and service models as portfolios are transferred or consolidated, and should review updated disclosures, fee schedules, and booking‑jurisdiction arrangements provided by the bank.