Senate Banking Committee Chair Brown asks banks to detail their links to Archegos
Sen. Sherrod Brown, chairman of the powerful Senate Banking Committee, is taking aim at three banking giants’ ties to Archegos Capital after the fund’s recent losses blitzed the market.
In letters to leaders at Goldman Sachs, Nomura Holding America and Credit Suisse, the Ohio Democrat indicates he’s looking for details on their relationship to Archegos. The letters, first reviewed by CNBC, are dated Wednesday.
Archegos, a family investment office run by former Tiger Management analyst Bill Hwang,…