REUTERS/Arnd Wiegmann
- UBS will take over Credit Suisse, the Swiss National Bank said Sunday.
- UBS had been in talks this weekend about buying some or all of its troubled Swiss rival.
- Swiss regulators are planning emergency changes to regulations so it can avoid a shareholder vote on the deal.
UBS will take over Credit Suisse, the Swiss National Bank announced Sunday afternoon.
The Swiss National Bank said in a statement Sunday afternoon that the takeover was made possible by support from the Swiss federal government and FINMA, which regulates Switzerland's finances.