After early investor relief about efforts to stop a banking crisis quickly dissipated, shares of Credit Suisse and UBS slumped. Credit Suisse shares tanked 62% in premarket trade to a new low, while UBS lost 7.1%.Banking stocks and bonds in several markets plunged on Monday after UBS Group sealed a state-orchestrated takeover of troubled fellow-bank Credit Suisse Group AG. In an attempt to restore confidence in a battered sector, Swiss regulators coordinated a deal that will see UBS Group AG pay $3.24 billion for the ownership of Credit Suisse Group AG and assume up to $5.4bn in losses.The day saw heavy falls in Asian financial markets as early investor optimism over the rescueoperation evaporated. Standard Chartered Plc and HSBC shares each fell more than 6% in Hong Kong on Monday to more than two-month lows, with HSBC facing the reality of posting its largest one-day drop in half a year. The respected MSCI index for financial stocks in Asia ex-Japan was down 1.3%.What does this mean for me?In a global response not seen since the height of the pandemic, the US Federal Reserve said it had joined central banks in Canada, England, Japan, the EU and Switzerland in a cooperative action to boost market liquidity. The European Central Bank also vowed to support eurozone banks with loans, if needed.However, analysts believe it should be clear that after more than a week into the banking panic, and two interventions organized by monetary authorities, the problem is not going away.