06:40 AM EDT, 09/18/2025 (MT Newswires) -- UBS (UBS) has "no other realistic option" but to relocate its headquarters away from Switzerland, as the country's new strict capital proposals make it "not viable" to run a large international bank, the Financial Times reported on Thursday, quoting activist investor Cevian Capital as saying.

Cevian, which holds a 1.4% stake in UBS, said Swiss government proposals would require UBS to hold as much as $26 billion in extra capital, the report said.

"The message from the Federal Council is clear: UBS is too big for Switzerland... I respect the Federal Council's decision, but I do not understand it. It cannot be undone. Lobbyists cannot change that either. That effort can be spared," the FT quoted Lars Forberg, Cevian's co-founder, as saying.

UBS did not immediately respond to an MT Newswires request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)