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Senate Banking Committee Chair Brown asks banks to detail their links to Archegos – CNBC

The letters are the first response from Congress that hint at a possible investigation.

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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. CNBC received a letter from Brown to Morgan Stanley after publication of this story.
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