Los Angeles Business Journal

Knight Put Fate in Familiar Hands

Thursday, August 16, 2012

As Knight Capital Group Inc. faced its darkest hours earlier this month, J.P. Morgan Chase & Co. found itself in a familiar position: The Wall Street Journal reports that it’s not the first time that the banking giant has been on the receiving end of similar pleas for help in some of Wall Street's biggest meltdowns, with the company snapping up Bear Stearns Cos. and Washington Mutual's assets at cut-rate prices.