Credit Suisse and its little story

Here are several types of Gold bar packaging. All bars come complete with a tight polypropylene wrapping and a certificate for the gold bars on the "reverse". Now, have a look at the table of sizes.

                                                             Summary table of sizes of measured gold bars Credit Suisse

     Summary table of sizes of cast gold bars Credit Suisse

The history of Credit Suisse dates back to July 5, 1856 when a young politician and businessman Alfred Asher established Schweizerische Kreditanstalt in Zurich. He put 3m Swiss francs worth of shares on public offer and later received 218m Swiss francs in subscriptions within three days.Credit Suisse was originally founded to finance the development of Swiss national railway, industry and electrification. The bank also helped develop the Swiss monetary system and, by 1871 the Bank Credit Suisse became the largest in Switzerland.The first branch was opened in Basel in 1905. In 1942, Credit Suisse came to New York. It also became a major gold trading house.In 1978, the bank began its partnership with the First Boston Corporation in the U.S., acquiring a controlling stake in the firm. In 1988, Credit Suisse purchased First Boston creating CS First Boston, Inc. In 1993, Swiss Volksbank, the nation’s fourth largest bank was acquired. At the same time, Credit Suisse began to provide banking services by telephone.In 1997, the bank undertook several important transformations including the renaming of CS Holding as Credit Suisse Group. The merger of global investment banking operations under Credit Suisse First Boston and the acquisition of Winterthur Insurance, one of the biggest Swiss-based insurance companies. These moves immediately vaulted Credit Suisse into the top ten financial services companies in the world. Additionally, at the same time, the bank opened its own Internet banking service called “Direct Net”. It was the first Internet banking in Switzerland.The Credit Suisse Group was once again restructured in 2002. The structure was streamlined into two business units: Credit Suisse First Boston and Credit Suisse Financial Services. The Credit Suisse business unit offers investment products, private banking and financial advisory services for private and corporate clients. It is active in investment banking, capital markets and financial services.Today, the Credit Suisse Group is a holding company, after the reorganization of 2015, consisting of the following divisions:Swiss Universal Bank that provides all major banking services in Switzerland. It includes services for private customers, corporations and financial institutions.International Wealth Management is a limited range of banking services to wealthy individuals in Europe, Latin America, Africa and the Middle East.Asia Pacific is banking services in Asia and Oceania including private banking and investment banking.Global Markets provide securities trading, brokerage and underwriting as well as investment research.Investment Banking & Capital Markets provide advice on mergers and acquisitions.Strategic Resolution UnitCorporate Center

In fact, this financial monster, with assets of 1.03 trillion Swiss francs (December 31, 2010), doesn't have its own production facilities for making gold bars. The measured and cast gold bars of Credit Suisse are actually produced at the plants of the famous world gold bars manufacturer Valcambi SA.  Valcambi is a Swiss company, with headquarters in Balerna.  Valcambi flourished as a Gold producer due in large part to Credit Suisse.  Back in 1967, Credit Suisse bought  80% of the shares of Valori & Cambi SA,  and renamed the compnay to Valcambi SA, in 1980.  Credit Suisse then became 100% owner of Valcambi SA, but, in 2003, the owner had changed. Since then, Valcambi SA has been producing Gold bars for Credit Suisse, on a partnership basis. Thus, Credit Suisse's stamp on gold bars is simply a trademark (brand). If you look at the certificate of the Credit Suisse Gold bars, you will definitely find, that the bar was produced by Valcambi SA.  As you know, Valcambi SA is the world's leading manufacturer, whose quality of Gold bars meets all the standards and is accredited by the London Bullion Market Association (LBMA); CME Group - Market Contract: COMEX; Tokyo Commodity Exchange (TOCOM); Dubai Multi Commodities Center (DMCC).