Archegos-Linked Banks Get Pressed for Answers by Sherrod Brown
- Credit Suisse, Nomura, Goldman, Morgan Stanley were contacted
- Ohio Democrat likens Archegos to Long Term Capital failure
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Senate Banking Committee Chairman Sherrod Brown asked banks involved with Bill Hwang’s Archegos Capital Management to explain their role in the firm’s implosion.
Credit Suisse Securities LLC, Nomura Holding America Inc., Goldman Sachs Group Inc. and Morgan Stanley should respond with “answers about the margin call and market activity connected to Archegos,” according to a letter to the firms released Thursday by the Ohio Democrat.