Credit Suisse hit with loss on write- down

Credit Suisse Group AG swung to a loss in the fourth quarter as it wrote off billions of dollars in goodwill, set aside provisions for litigation and booked a multi- billion- dollar loss in its main trading unit. The bank gave up 5.83 billion Swiss francs ($ 5.8 billion) during the final, rocky months of 2015, including a 3.8 billion- franc impairment that exacerbated its quarterly loss. Analysts were expecting a loss of 4.3 billion francs.