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The head of the Senate banking committee wants details from banks linked to Archegos on how an under-the-radar family office caused so much turmoil

10 days ago   |   By Business Insider

Summary List Placement The chairman of the Senate banking committee, Massachusetts Senator Sherrod Brown, has asked big banks including Credit Suisse about their ties to the now-collapsed hedge fund Archegos Capital Management.
Brown in a Thursday statement said he's looking for answers from Credit Suisse , Goldman Sachs , Morgan Stanley and Nomura Holding America about margin call and market activity connected to the family office, which was run by veteran investor and "Tiger cub" Bill Hwang.
Brown said he was "troubled, but not surprised," by news reports that Archegos "entered into...
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