Shares of Credit Suisse rose on Tuesday, March 14, 2023, after the Swiss bank announced the sale of a stake in its business to the Saudi National Bank. The deal, which was reportedly worth $3.5 billion, will help Credit Suisse to bolster its capital position and reduce its exposure to risk. The move is part of Credit Suisse’s broader strategy to streamline its business and focus on its core strengths, particularly in wealth management and investment banking. The bank has been under pressure in recent years to cut costs and improve profitability, as it faces increased competition from rivals such as UBS and Deutsche Bank. Saudi National Bank sees the…