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What Bernie Madoff Taught Every Investor
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Nouriel Roubini s Worries About Another Financial Crash Aren t Crazy
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Bill Hwang Had $20 Billion, Then Lost It All In Two Days
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Senate Banking chairman prods Credit Suisse, others on Archegos
Senate Banking chairman prods Credit Suisse, others on Archegos
Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee.
Senate Banking Committee Chairman Sherrod Brown, D-Ohio, is demanding answers from Credit Suisse and other banks on their margin call and market activity connected to Archegos Capital Management, the hedge fund that defaulted on margin calls by Credit Suisse and other banks last month.
In the chairman s letter sent Wednesday to Credit Suisse Securities, Nomura Holding America, Goldman Sachs and Morgan Stanley, Mr. Brown said he is troubled, but not surprised, by the news reports that Archegos entered into risky derivatives transactions facilitated by major investment banks, resulting in panicked selling of stocks worth tens of billions of dollars and those banks collectively losing nearly $10 billion.
Sherrod Brown seeks answers from banks linked to Archegos
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