Company Overview of Credit Suisse Securities (USA) LLC
Credit Suisse Securities (USA) LLC operates as an investment bank in the United States. Its businesses include securities underwriting, sales and trading, investment banking, private equity, alternative assets, financial advisory services, investment research, and asset management. The company offers services in investment banking, capital markets, and financial services segments for institutional, corporate, government, and high net worth clients. Credit Suisse Securities (USA) LLC was formerly known as Credit Suisse First Boston Corporation. The company was formed in 1997 and is based in New York City. Credit Suisse Securities (USA) LLC operates as a subsidiary of Credit Suisse (USA), Inc.
Eleven Madison Avenue
New York, NY 10010
Founded in 1997
Key Executives for Credit Suisse Securities (USA) LLC
Head of San Francisco and Managing Director of Private Banking USA business
Co-Head of Private Banking USA
Head of U S Branch and Head of North & South America
Head of New York Branch and Managing Director of Private Banking USA business
Compensation as of Fiscal Year 2013.
Credit Suisse Securities (USA) LLC Key Developments
Acting Attorney General Announces Lawsuit against Credit Suisse Arising from Sale of over $10 Billion in Troubled Mortgage Backed Securities
Dec 18 13
Acting Attorney General John J. Hoffman and Division of Law Director Christopher S. Porrino announced that the State has filed a lawsuit against Credit Suisse Securities (USA) LLC and two of its affiliates alleging that they offered more than $10 billion in residential mortgage backed securities trusts for sale while misrepresenting the risks involved in the investments, and failing to disclose to investors information about significant defects in the offerings. Filed on behalf of the Bureau of Securities, the lawsuit alleges that Credit Suisse did not disclose to investors there had been a wholesale abandonment of underwriting guidelines designed to ensure that the mortgage loans underlying its securities trusts were made in accordance with appropriate lending guidelines. In addition, it allegedly was not disclosed to investors that numerous loan originators had poor records of defaults and delinquencies and some had even been suspended from doing business with Credit Suisse. Approximately 25% of the loans which Credit Suisse had examined were underwater with combined loan-to-value ratios of more than 100%. The lawsuit announced names Credit Suisse Securities (USA) LLC and its affiliates Credit Suisse First Boston Mortgage Securities Corp. and DLJ Mortgage Capital, Inc. as defendants. The suit was filed in State Superior Court in Mercer County by attorneys from the Division of Law on behalf of Acting New Jersey Bureau of Securities Chief Amy Kopleton.
New Jersey Sues Credit Suisse Securities over Mortgage Securities
Dec 18 13
The state of New Jersey is accusing Credit Suisse Securities and two affiliates of misrepresenting the risks involved in the sale of more than $10 billion in residential mortgage-backed securities. In a lawsuit filed, the state said Credit Suisse did not disclose to investors that underwriting guidelines had been abandoned in the sales. The suit says investors were also not told that numerous loan originators had poor track records and that some had even been suspended from doing business with Credit Suisse.
Credit Suisse Securities (USA) LLC Presents at Solar Power Finance & Investment Summit, Feb-24-2014 through Feb-27-2014
Nov 26 13
Credit Suisse Securities (USA) LLC Presents at Solar Power Finance & Investment Summit, Feb-24-2014 through Feb-27-2014. Venue: Rancho Bernardo Inn, San Diego, CA, United States. Presentation Date & Speakers: Feb-25-2014, Stephen J. Viscovich, Director Securitized Products. Feb-27-2014, Jerry Smith, Managing Director - Strategic Transactions Group.
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