As furnished to the Securities and Exchange Commission on May 2, 2003

                                    FORM 6-K
                             Washington, D.C. 20549

                        Report of Foreign Private Issuer

                        Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934

For the month of May, 2003
Commission File Number 001-15244

                               Credit Suisse Group

             Paradeplatz 8, P.O. Box 1, CH 8070 Zurich, Switzerland

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F:

                Form 20-F...X...             Form 40-F......

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ........

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ........

Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

                       Yes......             No...X....

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):

Press Release

New York, May 1, 2003 - Credit Suisse First Boston (CSFB) announced today that
it has completed the sale of its Pershing unit to The Bank of New York Company,
Inc. for US$2 billion in cash, together with the repayment of a US$480 million
subordinated loan. CSFB and Credit Suisse Group will receive in excess of US$2.5
billion in liquidity and a significant improvement in capital adequacy. As
previously announced, the Firm reported an after tax loss of US$250 million for
this sale and a charge for this expected loss was reflected in CSFB and Credit
Suisse Group's fourth quarter 2002 results. Due to closing adjustments, CSFB
delivered entities with US$645 million of equity rather than the US$600 million
originally contemplated.

Commenting on the completion of the sale, CSFB's Chief Executive Officer and
Co-CEO of Credit Suisse Group, John J. Mack, said, "We are pleased to complete
the sale of Pershing and delighted that the transition of the business to The
Bank of New York has been accomplished so quickly. I am certain that Pershing's
senior management team -- led by CEO Richard F. Brueckner -- will continue to
strengthen Pershing's market leadership positions with their new affiliation
with The Bank of New York." CSFB and The Bank of New York entered into the
definitive agreement to sell Pershing as of January 7, 2003. Pershing is a
global leader in financial services outsourcing solutions and investment-related
products with more than 850 clients worldwide.

                                     # # #

Credit Suisse First Boston (CSFB) is a leading global investment bank serving
institutional, corporate, government and individual clients. CSFB's businesses
include securities underwriting, sales and trading, investment banking, private
equity, financial advisory services, investment research, venture capital,
correspondent brokerage services and asset management. CSFB operates in 77
locations in 36 countries across six continents. The Firm is a business unit of
the Zurich-based Credit Suisse Group, a leading global financial services
company. For more information on Credit Suisse First Boston, please visit our
Web site at Located in thirteen offices worldwide, Pershing
is a leading global provider of financial services outsourcing solutions and
investment-related products and services to nearly 1,000 institutional and
retail financial organizations and registered investment advisors. Its
businesses include execution, settlement, financing, and information management

Cautionary statement regarding forward-looking information

This press release contains statements that constitute forward-looking
statements. In addition, in the future we, and others on our behalf, may make
statements that constitute forward-looking statements. Such forward-looking
statements may include, without limitation, statements relating to our plans,
objectives or goals; our future economic performance or prospects; the potential
effect on our future performance of certain contingencies; and assumptions
underlying any such statements.

Words such as "believes," "anticipates," "expects," "intends" and "plans" and
similar expressions are intended to identify forward-looking statements but are
not the exclusive means of identifying such statements. We do not intend to
update these forward-looking statements except as may be required by applicable

By their very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that predictions,
forecasts, projections and other outcomes described or implied in
forward-looking statements will not be achieved. We caution you that a number of
important factors could cause results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in such
forward-looking statements. These factors include (i) market and interest rate
fluctuations; (ii) the strength of the global economy in general and the
strength of the economies of the countries in which we conduct our operations in
particular; (iii) the ability of counterparties to meet their obligations to us;
(iv) the effects of, and changes in, fiscal, monetary, trade and tax policies,
and currency fluctuations; (v) political and social developments, including war,
civil unrest or terrorist activity; (vi) the possibility of foreign exchange
controls, expropriation, nationalization or confiscation of assets in countries
in which we conduct our operations; (vii) the ability to maintain sufficient
liquidity and access capital markets; (viii) operational factors such as systems
failure, human error, or the failure to properly implement procedures; (ix)
actions taken by regulators with respect to our business and practices in one or
more of the countries in which we conduct our operations; (x) the effects of
changes in laws, regulations or accounting policies or practices; (xi)
competition in geographic and business areas in which we conduct our operations;
(xii) the ability to retain and recruit qualified personnel; (xiii) the ability
to maintain our reputation and promote our brands; (xiv) the ability to increase
market share and control expenses; (xv) technological changes; (xvi) the timely
development and acceptance of our new products and services and the perceived
overall value of these products and services by users; (xvii) acquisitions,
including the ability to integrate successfully acquired businesses; (xviii) the
adverse resolution of litigation and other contingencies; and (xix) our success
at managing the risks involved in the foregoing.

We caution you that the foregoing list of important factors is not exclusive;
when evaluating forward-looking statements, you should carefully consider the
foregoing factors and other uncertainties and events, as well as the risks
identified in our most recently filed Form 20-F and reports on Form 6-K
furnished to the US Securities and Exchange Commission.

Cautionary statement regarding non-GAAP financial information

This press release may contain non-GAAP financial information. A reconciliation
of such non-GAAP financial information to the most directly comparable measures
under generally accepted accounting principles, is posted on our website at

                                      * * *

         This Report on Form 6-K is incorporated by reference into the
registration statement on Form F-3 (File No. 333-100523) and the registration
statement on Form S-8 (File No. 333-101259).


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                         CREDIT SUISSE GROUP

                                         By: /s/ David Frick
                                         Name:  David Frick
                                         Title: Member of the Executive Board

                                         By: /s/ Karin Rhomberg Hug
                                         Name:  Karin Rhomberg Hug
                                         Title:    Managing Director

Dated: May 2, 2003

                                LIST OF EXHIBITS

The following exhibit has been filed as part of this 6-K:

Exhibit         Description
-------         -----------

  1             Amendment dated as of April 30, 2003 to the Transaction
                Agreement between Credit Suisse First Boston (USA), Inc. and
                The Bank of New York Company, Inc. dated as of January 7, 2003.