Bloomberg reporters allegedly used financial terminals to spy on Wall Street

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Bloomberg reporters allegedly used financial terminals to spy on Wall Street | The Verge:

Bloomberg reporters have been keeping tabs on Wall Street using their company’s financial terminals, the New York Post reports. Bloomberg terminals, which cost $20,000 a year or more to lease, are a fixture in the banking world. But according to the Post, Goldman Sachs executives recently discovered that reporters could track when investors were logging into the terminals, as well as what they were doing — from looking at a wire story to using the messaging tool. In one case, a reporter apparently asked a Goldman Sachs executive whether a partner had left the bank, mentioning that he hadn’t been logging into his terminal

Talk about a breach of trust. It’ll be interesting if anything more comes of this – if the Bloomberg reporters only had the ability to see what apps traders were using, that’s one thing, but if they had access to any kind of private (which is apparently a loose term nowadays) correspondence this could turn into News International-sized scandal.

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