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

Senate Banking Committee Chair Brown asks banks to detail their links to Archegos CNBC 3 hrs ago Brian Schwartz In letters to leaders at Goldman Sachs, Nomura Holdings America and Credit Suisse, Sen. Sherrod Brown indicated he s looking for details on their relationship to Archegos. CNBC received a letter from Brown to Morgan Stanley after publication of this story. The letters are the first response from Congress that hint at a possible investigation and go beyond initial statements merely condemning the market chaos. © Provided by CNBC Senator Sherrod Brown (D-OH), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019.

Democrats drafting list of Trump-led regulations to be repealed: senator

Democrats drafting list of Trump-led regulations to be repealed: senator Reuters 1/12/2021 By Pete Schroeder © Reuters/LUCAS JACKSON FILE PHOTO: U.S. Senator Sherrod Brown speaks at the 2019 National Action Network National Convention in New York By Pete Schroeder WASHINGTON (Reuters) - U.S. Sen. Sherrod Brown said Tuesday that Democrats were drawing up a list of recent rules established by President Donald Trump-led regulators they hoped to quickly repeal in 2021. Brown, who will chair the Senate Banking Committee once Democrats take control of the Senate this month, said lawmakers hoped to use the Congressional Review Act to begin repealing some of those rules around April. He did not identify specific rules that would be targeted.

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