Credit Suisse Froze $10.6 Billion Worth of Sanctioned Assets in Q1

Credit Suisse Froze $10.6 Billion Worth of Sanctioned Assets in Q1
The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, on Oct. 1, 2019. Arnd Wiegmann/Reuters
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ZURICH—Credit Suisse froze 10.4 billion Swiss francs ($10.63 billion) of wealthy clients’ assets in the first quarter under sanctions imposed in connection with Russia’s invasion of Ukraine, the bank’s financial report showed on Thursday.

The Swiss bank’s financial report gave more details of its first-quarter results, which were originally published last week.