Institution profile · No longer operating separately
Credit Suisse in Canada
Wound downCredit Suisse AG, Toronto Branch
Credit Suisse operated in Canada through a foreign bank branch in Toronto. After UBS took over Credit Suisse, the branch applied for release of its Canadian assets and no longer appears on OSFI’s list. UBS Bank (Canada) is a separate Schedule II bank and CDIC member.
Profile facts checked October 30, 2026
Credit Suisse AG, Toronto Branch gave notice in January 2024 that it would apply to OSFI on or after March 6, 2024 for release of its assets in Canada — the step taken when a foreign bank branch winds down. No Credit Suisse entity appears on OSFI’s list dated October 1, 2026. The exact closing date was not published in the sources we checked.
At a glance
- Legal name
- Credit Suisse AG, Toronto Branch
- Type
- No longer operating separately
- Regulator
- Formerly OSFI (as a foreign bank branch)
- Website
- gazette.gc.ca/rp-pr/p1/2024/2024-02-10/html/misc-divers-eng.html
Deposit protection
Not a CDIC member. The Toronto branch was a lending branch, which cannot take retail deposits.
Facts, with sources
- Credit Suisse AG, Toronto Branch published a Bank Act notice (dated January 20, 2024) of intent to apply for release of its assets in Canada on or after March 6, 2024.Source: gazette.gc.ca
- No Credit Suisse entity is on OSFI’s list of federally regulated institutions (file dated October 1, 2026); UBS Bank (Canada) is listed as a foreign bank subsidiary and is a CDIC member.Source: open.canada.ca
Fees for this institution aren’t in FCAC’s tool. Ask for its fee schedule and put the numbers into the account-fee calculator.
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