On Monday, private bank Julius Baer Group Ltd. that has lent the money to a small number of individuals now sanctioned, including for “homes in prime locations in Western Europe”. UBS Group AG said it has outstanding loans to sanctioned individuals worth less than $10 million, while its exposure to Russian assets used as collateral for customer loans is about $200 million. At Credit Suisse Group AG, approximately 4% of the assets managed by its wealth management division are with Russian clients, either in the country or nationals residing abroad.
This post Russian money in Swiss banks back in focus after Zelenskiy speech
was original published at “https://www.bloombergquint.com/business/russian-cash-in-swiss-banks-back-in-focus-after-zelenskiy-speech”