Bloomberg News Breaches Subscribers’ Privacy

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wall-streetThe mystery of Wall Street was compromised just a bit when Bloomberg News confirmed a breach of ethics and privacy on Friday afternoon.

To the financial industry’s alarm, Bloomberg journalists have for years been monitoring the company’s data terminals-found in nearly every banking and trading company-for user activity. They monitored what functions of the service subscribers were using, including corporate bond trades and equities indexes.

The dustup came to light after a reporter pointed out to a Goldman Sachs partner that he had not logged into his Bloomberg terminal lately. Oops. Read more at New York Times.

{Andy Heller-Matzav.com Newscenter}

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