Knight Capital Group Inc., the market maker that was driven to the verge of bankruptcy after a trading error, said that last week's mishap may cause more losses, Bloomberg News reported yesterday. Should its customers and trading partners lose confidence, Knight's reputation and business may suffer, the Jersey City, N.J.-based firm said in a government filing. Knight Chief Executive Officer Thomas Joyce estimated the firm's trading loss will be $270 million after taxes, according to a letter to clients, compared with a previously reported pretax loss of $440 million. Knight was saved from collapse on Aug. 6, when it received a $400 million cash infusion through the sale of convertible securities to a consortium of investors.
