Credit Suisse stock falls 7.6% after warning of third straight loss

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.

While rival banks have said in the past week that their traders are navigating