(Bloomberg) -- Credit Suisse Group, Switzerland's second-biggest bank, said losses in the fourth quarter were larger than previously reported after it booked more charges for a probe into tax evasion by U.S. clients.
The net loss amounted to 476 million Swiss francs ($534 million), the Zurich-based bank said today, as it set aside an extra 468 million francs, primarily related to the U.S. investigation. Credit Suisse had restated results for the quarter last month, reporting a loss of 8 million francs after a 275 million-franc charge to settle lawsuits over mortgages sold to Fannie Mae and Freddie Mac.
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