Kansas Opinion of CS First Boston Corporation
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In the meantime, senior Credit Suisse insiders tell us they're hopeful that UBS will acquire Credit Suisse, "hold" the elements that will comprise CS First Boston, and then spin out the unit as planned in 2024.
Founded by Alfred Escher, Schweizerische Kreditanstalt (SKA), the predecessor of today's Credit Suisse, opens for business on July 16, 1856. Alfred Escher heads the SKA as the first Chairman of the Board of Directors from 1856-1877 and from 1880-1882.
In addition, Michael Klein has been appointed Chief Executive Officer (CEO) of Banking and CEO of the Americas, as well as designated CEO of CS First Boston. He will join the Executive Board and report directly to Group CEO Ulrich Korner.
A reorganization followed that merged First National Bank of Boston and Old Colony Trust Company into the newly formed Massachusetts Bank NA, which then assumed the name First National Bank of Boston. It was renamed the Bank of Boston, N.A., in 1982 and became BankBoston Corporation in 1997.
In addition, Michael Klein has been appointed Chief Executive Officer (CEO) of Banking and CEO of the Americas, as well as designated CEO of CS First Boston. He will join the Executive Board and report directly to Group CEO Ulrich Korner.
The First Boston Corporation was a New York?based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1988. After the acquisition, it operated as an independent investment bank known as CS First Boston until 2006, when the company was fully integrated into Credit Suisse.
In 2006, Credit Suisse reorganized and merged CS First Boston into the parent company and retired use of the "First Boston" brand.