As Knight Capital Group Inc. faced its darkest hours earlier
this month, J.P. Morgan Chase & Co. found itself in a familiar position:
helping decide the fate of a Wall Street firm in crisis, according to a WSJ
article
At about 9 p.m. on Aug. 1, Knight Chief Executive Thomas
Joyce called Carlos Hernandez to seek emergency funding from J.P. Morgan, the
lead bank on a primary credit line, to plug losses from errant trades caused by
a software upgrade, according to people familiar with the conversation. Mr.
Hernandez, J.P. Morgan's global head of equities, had just returned from
business meetings in Mexico….
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