Bloomberg LP, the financial data and news company announced that it was cutting off the access of its journalists to client log-in data through the company's trading information terminals.This comes after Goldman Sachs complained that a Bloomberg reported had accessed personal information through the terminals.
According to a person familiar with the matter, who spoke on condition of anonymity said, Goldman Sachs raised red flags about external access after a reporter who was investigating what was thought to be a departure of a Goldman employee told the firm that the employee had not logged onto a Bloomberg terminal for a number of weeks.
According to a Bloomberg spokeswoman, the 'limited customer relationship data' had 'long been made available to its reporters.' Despite this fact, the company had decided to disable the access after receipt of the complaint.
The issue is a grave matter as many securities firms rely on these kinds of information to make decisions while reporters have the public trust not to cross lines, where one was crossed with this issue.
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