UK and US stock markets jumped yesterday as investors digested the dramatic weekend takeover of Credit Suisse by rival UBS. The deal is one of the most significant banking events in years, marking the first merger between two systemically-important global banks since the 2008 global financial crisis. Financial regulators are trying to convince investors that it does not mark the start of a wider banking crisis. All eyes now turn to the interest rates decisions from the US Federal Reserve tomorrow and the Bank of England on Thursday. Both are contemplating over whether to push forwards with interest rate rises given recent events. There are concerns that economies will now be more sensitive to hikes and central banks may not want to risk falling back into a potential recessionary outlook and further market chaos.