The Hidden Dossiers Bloomberg Reporters Keep on Powerful Clients

Nitasha Tiku · 05/16/13 01:01PM

If you are an influential user of a Bloomberg terminal—the $24,000-per-year glorified computers that the company sells to Wall Street trading firms, politicians, and banks—there's a chance the company's news division has a file on you that's chock full of personal information about your family, your predilections, and your 24-hour contact information. And it's accessible to all 2,400 journalists at Bloomberg News.

Source: Bloomberg Was Supposed to Cut Off Spying Last Year, But Didn't

Nitasha Tiku · 05/13/13 05:23PM

A high-ranking newsroom official for Bloomberg News was ordered last year to cut off reporters' access to information about how clients used the company's information terminals, according to a former Bloomberg reporter, but the spying continued anyway. The order followed complaints from JPMorgan Chase that Bloomberg reporters had used JPMorgan's terminal-use records to break stories about the "London Whale” trading debacle, which led to more than $6 billion in losses for the company.