JP Morgan demands to know what Bloomberg reporters accessed

JPMorgan Chase & Co, one of the biggest  customers of Bloomberg LP, said on Wednesday it has sent a formal legal request  asking the financial data and news company to provide details of what bank  information Bloomberg News reporters had been able to see.

David Henry of Reuters writes, “JPMorgan’s statement comes after Bloomberg acknowledged late last week that  its reporters had limited access to data about clients’ terminal usage, such as  when a customer logs in, contacts the help desk or delves into the system for  information about assets, such as equities or bonds.

“The largest U.S. bank is seeking logs for five years of what precisely  Bloomberg journalists accessed concerning the use of terminals by JPMorgan  employees, a bank official said. Bloomberg has about 2,400 journalists  worldwide.

“JPMorgan said it is also seeking ‘confirmation’ of controls that Bloomberg  has put in place to stop future breaches.

“The bank declined to provide a copy of what it described as a formal request  from its legal department.

“A Bloomberg spokesman declined to comment.”

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