U.S. Fine Chokes Credit Suisse Profits - Presented by: The Aol. On Network

It's a big loss for the Swiss banking giant. Seven hundred million Swiss francs in the second quarter. Much of that down to a 1.6 billion Swiss franc settlement with U.S. authorities over helping clients evade taxes. Not a only big loss, but much bigger than the forecast 580 million - and the most sizeable since the height of the financial crisis. But the other surprise: the numbers still aren't that bad, according to Andrea Williams of Royal London Asset Management.



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