Credit Suisse Group AG (NYSE: CS) said it will abandon commodities trading as a $2.6 billion fine to settle a U.S. tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008, Bloomberg reported July 22.The bank’s net loss in the second quarter was 700 million Swiss francs (US$779 million), compared with a profit of 1.05 billion francs a year earlier and a 691 million-franc estimate from analysts. Zurich-based Credit Suisse posted higher-than-forecast earnings at the investment bank, and lower profit in wealth management, even as it attracted...
Hart Energy Events
9/24/14Webinar: Coriolis Principles and Considerations for Entrained Gas in the Upstream Market
11/10/14Conference: Executive Oil Conference - Platinum Performance in the Permian Basin
11/20/14Conference: North American LNG Exports - Expanding Beyond the Gulf Coast
1/27/15Conference: Marcellus-Utica Midstream - Extending the Reach: Meeting Global Demand