Knight Capital Group (KCG) is seeking a "White Knight" buyer to save the firm, Fox Business Network reported Thursday, citing reporter Charles Gasparino.
Gasparino, quoting sources, said Knight is shopping itself to a number of banks and a sale is the most likely outcome. Knight's stock is down 40% in trading Thursday after it reported $440 million in losses from glitches Wednesday in its electronic trading system.
Full story at www.foxbusiness.com
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