Knight Capital Considering Issue of Convertible Bonds -Fox Business

Date : 08/03/2012 @ 11:55AM
Source : Dow Jones News
Stock : JP Morgan Chase & Co. (JPM)
Quote : 88.26  0.76 (0.87%) @ 6:54PM

Knight Capital Considering Issue of Convertible Bonds -Fox Business

JP Morgan Chase (NYSE:JPM)
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J.P. Morgan Chase & Co. (JPM) suspended Knight Capital Group's (JCG) line of credit in recent days and Knight is considering an issuance of convertible bonds to make up the difference, Fox Business Network reported Friday, citing reporter Charles Gasparino.

Knight sought a line of credit after failing J.P. Morgan covenants, the report said.

Full story at www.foxbusiness.com

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