Credit Suisse faces crisis as markets tumble and backers withdraw support.

Credit Suisse's largest shareholder, Saudi National Bank, has said that the recent market turmoil in the banking sector is "isolated" and stems from "a little bit of panic." Credit Suisse has announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank to shore up liquidity and investor confidence after its stock plunged Wednesday. TikTok has said that forcing ByteDance to sell its stakes in the app will not ease security concerns. Australia's unemployment rate fell slightly from 3.7% in January to 3.5% in February, seasonally adjusted government data showed. Japan's trade deficit has widened to 897.7 billion yen ($6.76 million) in February, up 26.2% compared to the same period a year ago.