ZURICH, July 22 Credit Suisse reported its
biggest quarterly loss since the collapse of Lehman Brothers in
2008, due to a 1.6 billion Swiss franc ($1.78 billion) charge
taken following a May settlement with U.S. authorities over tax
The Zurich-based bank swung to a second-quarter loss of 700
million francs. A Reuters analyst poll called for a 581 million
franc net loss.
"I want to reiterate that we deeply regret the past
misconduct that led to this settlement and that we take full
responsibility for it," Credit Suisse Chief Executive Brady
Dougan said in a statement.
"The continued trust and support of our clients helped us
mitigate the impact of the settlement on our business."
($1 = 0.8979 Swiss Francs)
(Reporting By Katharina Bart)