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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
Mitey the Yeti reading Credit Suisse in Canada’s fine print
Mitey the Yeti reading Credit Suisse in Canada’s fine print

What is Credit Suisse in Canada?

Credit Suisse in Canada (Credit Suisse AG, Toronto Branch) no longer operates as a separate institution. This page records what happened, where its accounts went and the official sources, so you can check how your deposits are protected now. Use CDIC’s member list to confirm where deposits sit today.

What changed

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

Is my money safe at Credit Suisse in Canada?

Not a CDIC member. The Toronto branch was a lending branch, which cannot take retail deposits.

What else should you know about Credit Suisse in Canada?

  1. 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
  2. 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
Mitey the Yeti, CanadianBanks.ca’s guide, pointing out a tip
Mitey’s note

Fees for this institution aren’t in FCAC’s tool. Ask for its fee schedule and put the numbers into the account-fee calculator.

Educational information only, not financial, legal or tax advice. CanadianBanks.ca is independent and is not affiliated with, endorsed by or paid by any institution listed. Confirm details with the institution and the official sources linked on each page before you act. Read the full disclaimer.

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