BANKING

Judge Freezes Saudi Banker’s U.S. Assets: A federal judge has frozen the U.S. assets of Sheik Khalid ibn Mahfouz, indicted in the BCCI scandal, and the Federal Reserve Board revealed that it is seeking a $170-million fine from the former Saudi Arabian banker. U.S. District Judge Kimba Wood of Manhattan signed an order that prevents Khalid from removing any property or assets from the U.S. He was indicted last week by a Manhattan grand jury on charges that he and an associate sought to defraud Bank of Credit & Commerce International depositors of more than $300 million.