Pressure intensifies on Bloomberg after new 'snooping' scandal twist
Bloomberg apologised after the financial news agency let its reporters access clients' information
Tuesday 14 May 2013
The Bloomberg “snooping” scandal widened today after the Bank of Japan said it was seeking details about which information the news company had allowed its journalists access too.
A spokesman for Bank of Japan confirmed: “We are now contacting Bloomberg and are in the process of confirming the facts of the situation.”
The Hong Kong Monetary Authority did not say it has contacted the firm but said: “We’re aware of the reported incident and are looking into it.”
Both statements seem to pile pressure on an organisation that has always considered high ethics to be a strong part of its business.
The furore began after it was revealed that Goldman Sachs had made a complaint about journalists trying to glean information from the terminals about its staff.
Goldman Sachs acted after a reporter investigating the possible departure of an employee told the firm that the person had not logged into a Bloomberg terminal for weeks.
JP Morgan reportedly was also targeted.
The European Central Bank, Brazil’s central bank and the US Federal Reserve have all said they were looking into any possible breaches in the confidentiality of data related to Bloomberg terminals. The Federal Reserve is looking into whether its chairman, Ben Bernanke, was one of those tracked.
Bloomberg has already said it was an “inexcusable” error to allow its reporters to monitor the activities of clients on its terminals.
Bloomberg editor-in-chief Matthew Winkler apologised in a blog post, entitled “Holding Ourselves Accountable”, on Monday.
“We are defined by our words — and they applied to us when a Bloomberg LP customer expressed concern. Our client is right,” Winkler said. Bloomberg says it has now switched off its journalists’ access to the data. It has 315,000 global subscribers
- 1 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 3 What are your fingerprint words?
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Slough train station deaths: Woman and child killed after being 'pushed in front of train'
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Jennifer Lawrence: Leaked 4Chan sex video branded 'fake' by users
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...