You're watching...
Gasparino: JPM Suspends Knight’s Line of Credit
Details
-
Description
FBN’s Robert Gray on the future of Knight Capital.
- Duration 1:27
- Date Aug 3, 2012
Advertisement
Clips
Also in this playlist...
Financial Services
Auto-advance: ON
Auto-advance-
Timothy Geithner the Next Fed Chairman?
-
Young People Ditching Credit for Prepaid Cards?
-
SAC Capital’s Cohen Keeping a Low Profile?
-
Spike in Home Foreclosures
-
Gasparino on Nasdaq's Acquisition Plans
-
Mortgage Rates Edge Higher
-
Gasparino: Davis Joining Firm That Defends Cohen
-
Moody's Threatening to Either Cut or Raise U.S. Rating
-
Lunch with ‘Oracle of Omaha’ Losing Value?
-
Meredith Whitney on the Future Fate of the States
-
Gasparino: Bookvar Joining MS Brokerage Department
-
Grasso: Business Leaders Need Certainty
Transcript
This transcript is automatically generated
On this breaking news we told you at the top of the hour about Knight capital Charlie -- does that all over the story here.
Breaking a lot of the developments on -- and died this morning told us about the concerns with a lot of credit.
Which JPMorgan saying JPMorgan suspended.
Knights line of credit in in recent days.
Actor Robert Gray outside and I capital headquarters in Jersey City.
New Jersey with more robber.
Yeah -- and we talked a little bit about that traders trying to restore trust what their clients out there -- also been opening the books here at night capital.
-- potential suitors and working with investment banks to do so -- private equity folks are telling me that.
They would be -- reluctant to jump ban until they were sure there's not some kind of a litigation overhang meeting that you paid a 440 million dollars to cover the training costs and that said in an on you go -- business but it's unclear right now whether that is the question that's certainly something that.
They'll be working with regulators on no -- today the regulars have been here.
Through that -- the SEC and folks are inside today as well.
Medicine that's part of the situation here is that we have private equity is watching and waiting you do have a -- at some of the firms out there the likes of E*Trade and Ameritrade.
The brokers who'd generally thought -- a lot of their business.
The -- night trading and that is just not happening today through Knight capital in today's session guys that they're still trying to repair that but that traders are telling me that.
Yet they have to go back to their clients if there's an issue with someone's trust in their best practices they're loathe to do that until they're assured.
That there's not going to be another -- back to.
