Knight Said to Get $400 Million Infusion
Knight Capital Group Inc., stepping back from the brink of insolvency, agreed to a $400 million infusion through the sale of convertible preferred securities, according to two people with direct knowledge of the matter.
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BNP U.K. Economic Outlook Calls for More BOE Action
28:33 - Steven Saywell, global head of FX strategy at BNP Paribas, discusses the outlook for the U.K economy post Brexit decision, currencies, and why he says the Bank of England needs to do more. He speaks with Guy Johnson and Caroline Hyde on Bloomberg Television’s “On The Move.” (Source: Bloomberg)