JPMorgan Seeks Bloomberg Staff Logs

Pointing The Finger

JPMorgan Chase has formally demanded Bloomberg cough up more information in respect of that spying scandal.

The New York Post reports that legal eagles at the have demanded detailed assurances that Bloomberg, ensnared in a far-reaching spying scandal, no longer snoops on clients.

'Our (lawyers) sent a formal request to Bloomberg to verify exactly what information reporters had access to and confirmation of their controls to prevent future breaches', a bank spokeswoman said.

The request, sent in recent days, amps up pressure on Bloomberg to fork over specific information about its past practice of its reporters using the firm’s namesake data terminals to keep tabs on clients, including JPMorgan and Goldman Sachs.

'Sorry? I’ll show you sorry!’

The Financial Times reports that people at the bank said it had demanded 'logs of all Bloomberg staff who have looked up JPMorgan users and usage since the beginning of 2008 and the role of people who ran each query'.

The bank’s lawyers also demanded verification that Bloomberg had revoked reporters’ access to information about terminal users.

JPMorgan demands Bloomberg staff logs (subscriber content)

image: © Lisamarie Babik

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts