As a result of its spectacular tech fail on Aug. 1, Knight Capital became the latest financial services firm to have pushed to the brink of collapse before being either rescued at the eleventh hour or permanently wiped out.
On Sept. 15, 2008, facing an unprecedented loss due to the subprime mortgage crisis, Lehman Brothers, holding more than $600 billion in assets, filed for Chapter 11 bankruptcy protection. It was the largest bankruptcy filing in U.S. history.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio