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Knight Capital Plummets on Refinancing
Monday, August 6, 2012 - 10:29am | 382Knight Capital (NYSE: KCG) shares fell approximately 25 percent in early trading Monday after the company announced rescue financing that will shore up its books at a steep price. This announcement followed $440 million of errant trading losses last week. Investing firms in the market maker will...
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Knight Capital's Tom Joyce on Bloomberg Television
Thursday, August 2, 2012 - 2:34pm | 1396Knight Capital (NYSE: KCG) CEO Tom Joyce spoke with Erik Schatzker and Stephanie Ruhle on Bloomberg TV's “Market Makers” Thursday morning about Wednesday's trading errors and losses stemming from the breakdown, saying that the company has “all hands on deck.” Joyce said, “We understand what the...