2nd LD Writethru: UBS to buy Credit Suisse: Swiss gov't

GENEVA, March 19 (Xinhua) -- Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government said on Sunday.

On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilizing solution was absolutely necessary, the government said.