Credit Suisse Group AG said a slump at its investment bank will lead to a third straight quarterly loss as it blamed volatile markets and clients cutting back on risk.
Shares of the troubled Swiss lender fell as much as 7.6% in Zurich trading after warning that results in the second quarter were impacted by clients pulling back, particularly in Asia. The firm is also weighing a fresh round of job cuts as it pledged to accelerate its effort to reduce expenses, people familiar with the matter said.
