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...
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