Credit Suisse fined, incurs biggest loss since 2008

Source: Bloomberg

Credit Suisse Group AG is prepared to announce its largest quarterly loss since the breakdown of the Lehman Brothers Holding Inc. following a fine of $2.6 billion for assisting american customers to avoid payments. The bank will report a loss of around 701 million Swiss francs and a 1.6 billion-franc fine. Credit Suisse's loss would be the biggest since the end of 2008.  

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