A Credit Suisse logo is displayed at entrance to a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Wednesday, Oct. 30, 2019. Credit Suisses third-quarter results were boosted by gains at the key trading unit, bringing relief to Chief Executive Officer Tidjane Thiam as he seeks to emerge from a spying scandal that dented the banks reputation and cost him a key lieutenant. Photographer: Stefan Wermuth/Bloomberg (Bloomberg) -- Credit Suisse Group AG said it will post a fourth-quarter loss as it sets aside an additional $850 million to cover potential settlements related to residential mortgage backed securities.
The provisions, to be reflected in fourth-quarter results, cover a legal dispute in New York as well as other potential cases related to residential mortgage-backed securities, the Swiss bank said in a statement on Friday.