Credit Suisse-UBS Deal Is Regulators’ ‘Plan A,’ FT Says

A merger of UBS Group AG with Credit Suisse Group AG is “plan A” for Swiss regulators seeking to shore up confidence in the nation’s banking system, the Financial Times reported.

The boards of Switzerland’s two biggest banks plan to meet separately this weekend to weigh the idea, the FT said in its report, citing people briefed on the talks whom it didn’t name. The Swiss National Bank and regulator Finma are orchestrating the discussions, the FT said.