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Archegos Friendship With Nomura Ended in $3 Billion Loss
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Archegos friendship with Nomura ended in $3 billion loss
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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.
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