• 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

    6 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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  • 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

    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

    6 days ago - By Business Insider

    Swiss bank Credit Suisse.
    Reuters
    The Senate Banking Committee chairman is asking some big banks about their links to Archegos Capital Management, which collapsed at the end of March.
    Senator Sherrod Brown in a statement included a letter to Credit Suisse asking about its involvement with Archegos.
    Brown said he wants a response from Credit Suisse by April 22.
    See more stories on Insider's business page .
    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...
    Read more ...