Griffin’s Overtures to Knight Capital Were Hampered by Distrust

Griffin’s Overtures to Knight Capital Were Hampered by Distrust

Jin Lee/Bloomberg

The rescue of Knight Capital that unfolded over 48 hours last weekend, as recounted by participants on all sides who requested anonymity because the negotiations were private, was fueled by competition, concern about job losses, misunderstandings and exhaustion. The result saved Knight from insolvency.