Key Points
US and European stocks rose in choppy trade on Monday as investors digested the Credit Suisse-UBS deal..
UBS Group AG on Sunday announcedthat it hasagreed to buy Credit Suisse Group AGfor 3 billion Swiss francsin a Swiss government-brokered deal aimed at containing the global banking crisis..
First Republic Bank shares tumbled 47.3% after S&P cut its credit rating to B from BB on Sunday..
US treasury secretary Janet Yellen and US Federal Reserve chair Jerome Powell on Sunday said they welcomed" the Credit Suisse deal, and also said that the capital and liquidity of US banks is strong...
After theCredit Suisse-UBS deal, investors focus will be on Feds decision on interest rate at this week's meeting..
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