Goldman Sachs Charged Knight $440M for Unwind
By:
CNBC.com News
Posted on August 03, 2012 at 13:51 PM EDT
It was Goldman Sachs that helped Knight Trading Group to unwind its inadvertent purchase of 148 stocks on Wednesday, say people familiar with the matter, and the bank charged the smaller brokerage $440 million for the transaction - an agreement that has left Knight scrambling for extra cash.
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