Credit Suisse has reported a sizable loss for the second quarter, as the Swiss bank continues to absorb the impact of a US legal settlement reached two months ago.

Zurich-based Credit Suisse reported a net loss of Sfr700 million ($779.44 million) for the period compared with a year-earlier net profit of Sfr1.05 billion. Analysts had anticipated a loss of Sfr670 million for the quarter. Net revenue fell 6% to Sfr6.43 billion, the bank said.