Swiss bank UBS to buy embattled rival Credit Suisse

UBS is taking over embattled rival Credit Suisse, following a tense weekend of negotiations between the two companies and Swiss officials. According to sources, the deal was worth more than $3 billion.<br><br>The takeover is a massive move in the financial industry, and has been described as a "shotgun wedding" by sources. On Sunday, Credit Suisse told investors that it plans to delay the release of its annual report and call off a shareholder meeting. The bank cited "material weaknesses" in its past financial reports.