Even before the shock collapse of two U.S. banks, Credit Suisse had faced a slew of problems, including money laundering charges and spying allegations.
The strategy of banks requiring wealthy clients to give them deposits or primary banking relationships in exchange for loans may be ending, advisers say.
Chinese tech company Baidu gave the public a peek Thursday at what its Chinese-language ChatGPT alternative can do, while warning of its imperfections.
The Beijing-headquartered company said in an online statement that it plans to work with partners in 2023 to launch more diversified products and services.
Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.
Payment processor Stripe raised $6.5 billion, largely to provide liquidity to current and former employees, but at a sharply discounted $50 billion valuation.