Bloomber’s culture is about omniscience
Zach Seward of Quartz.com writes about the culture at Bloomberg that would allow its journalists to access information about its financial data clients. Seward writes, “It’s not as though any of this justifies Bloomberg reporters snooping on customer terminal usage, but it should help explain how someone—indeed, hundreds of people—at the company could do it […]
Bloomberg customers now re-examining contracts
Some of Bloomberg LP‘s biggest customers on Wall Street are re-examining their agreements with the financial data and news company to see how much information Bloomberg employees can access from desktop terminals, reports Tom Lowry of CNBC. Lowry writes, “At its core, the controversy underscores the paradox of the 32-year-old Bloomberg LP, a privately-held company that is vigilant in not […]
Bloomberg knew about reporters tracking clients in 2011
Executives at Bloomberg LP have known about journalists using the company’s terminals to spy on clients at least since September 2011, reports Peter Lauria of BuzzFeed. Lauria reports, “That month, Erik Schatzker, an anchor at Bloomberg TV and host of ‘Market Makers,’ was reprimanded for making on-air comments about using terminal data to track the activities of […]
Fed, Treasury examining Bloomberg terminal use by reporters
Both the Federal Reserve and the US Treasury Department are examining the extent to which Bloomberg-terminal usage by top officials might have been tracked by Bloomberg journalists, CNBC has learned. Steve Liesman of CNBC reports, “A Fed spokesperson told CNBC that the central bank is looking into the situation and has been in touch with Bloomberg […]
Bloomberg CEO: Journalist access to data was a mistake
The following email that was sent to all Bloomberg LP employees globally by Daniel L. Doctoroff, CEO and president: Since our founding more than 30 years ago, the proper safeguarding of customer data has been a central tenet of Bloomberg’s culture. A Bloomberg client recently raised a concern that Bloomberg News reporters had access to […]
Bloomberg reporters also snooped on JP Morgan employees
Julia LaRoche of Business Insider is reporting that Bloomberg News reporters also used the company’s terminal to glean important information about the actions of JP Morgan bankers during its London Whale trading losses last year. Bloomberg has come under criticism from Goldman Sachs recently and has agreed to limit with its editorial staffers can see […]
Snooping on your customers, the Bloomberg way
Tracy Alloway of the Financial Times, a former Bloomberg News staffer,writes about how reporters at the news service used the terminal to find out info about people on their beats. Alloway writes, “What is more surprising is the fact that this has never come to light before. Ex-Bloomberg employees (this Alphaville contributor included) have been […]
Goldman Sachs confronts Bloomberg about reporter snooping
Goldman Sachs brass recently confronted Bloomberg LP due to concerns reporters at the business news service have been using the company’s ubiquitous terminals to keep tabs on some employees of the Wall Street bank, reports Mark De Cambre of the New York Post. De Cambre writes, “A Goldman spokesman confirmed that Bloomberg was taking steps to address […]
Bloomberg TV’s Regan has a lot of projects going on
Bloomberg TV anchor Trish Regan is featured on the cover of New York Resident magazine and is interviewed by Christopher A. Pape. Here is an excerpt: R: What new things are you working on? TR: I’ve got a lot of projects going on. In addition to anchoring “Street Smart” from 3-5pm during the close of […]
Bloomberg Radio celebrates Boston launch
Daniel B. Kline of the Boston Globe writes Wednesday about the launch of Bloomberg Radio in the Boston market. Kline writes, “Bloomberg has 26 journalists in its Boston bureau led by Tom Moroney, a veteran Boston journalist who worked at The Boston Globe as well as for several other papers in Massachusetts. The bureau existed […]
