JPMorgan: Bloomberg Reporters Tapped Into Our Terminal Data, Too

Beached Whale

Wall Street bulls are raging mad at Bloomberg.

A day after The New York Post broke the news of the company’s spying scandal, a second big bank raised concerns that Bloomberg reporters used confidential client data to keep tabs on employees and get the inside track on stories.

Earlier this year, JPMorgan Chase, the nation’s biggest bank, suspected that reporters had gleaned information from Bloomberg’s proprietary terminals to track executives caught up in the bank’s 'London Whale' trading blunder.

A person close to JPMorgan said alarms went off when Bloomberg reporters would call the bank and note that certain members of its London trading team hadn’t been logged into their terminals.

A Bloomberg spokesman said that it had no record of a JPMorgan complaint.

JPMorgan’s concerns emerged a day after The Post first reported that Goldman Sachs had confronted Bloomberg brass with allegations of snooping.

Hit the link below to access the complete New York Post article:

JPMorgan: Bloomberg reporters tapped into our terminal data, too

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image: © brydeb

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