Arab Today, arab today treasury fed query bloomberg on data access
Last Updated : GMT 17:13:41
Arab Today, arab today
Arab Today, arab today

Treasury, Fed query Bloomberg on data access

Arab Today, arab today

Arab Today, arab today Treasury, Fed query Bloomberg on data access

New York - AFP

The Federal Reserve said Monday it had asked Bloomberg News for information on whether its journalists had inappropriately accessed private client data through its financial terminals. The move came as Bloomberg apologized for an \"error\" that allowed its journalists to see client data, and one report said the system allowed access to the accounts of Fed chairman Ben Bernanke and former Treasury secretary Timothy Geithner. \"We are looking into this situation and have been in touch with Bloomberg to learn more,\" said a Fed spokesperson, who declined to be identified. The US Treasury Department also was \"looking into the matter,\" a source familiar with the matter, told AFP. CNBC reported Sunday that a former Bloomberg employee acknowledged that he accessed usage information of Bernanke and Geithner. Separately Monday, Bloomberg apologized for what it called an \"error\" that allowed reporters to see client data through its financial terminals, saying it would \"strive to continue to uphold the highest standards\" in its reporting. \"Our reporters should not have access to any data considered proprietary,\" Bloomberg editor-in-chief Matthew Winkler said in a statement posted on the news website. \"I am sorry they did. The error is inexcusable. Last month, we immediately changed our policy so that reporters now have no greater access to information than our customers have.\" Bloomberg announced Friday it was curbing reporter access to certain data on its financial terminals after reports claiming its journalists used the devices to spy on Wall Street banks. A Bloomberg spokesman acknowledged that \"limited customer relationship data has long been available to our journalists,\" without \"security-level\" data, trading data or messages. Winkler said Monday that the access standards \"are almost as old as Bloomberg News,\" noting that \"our reporters used to go to clients in the early days of the company and ask them what topics they wanted to see covered.\" But the editor added that its journalists, \"upon hiring, enter into a confidentiality agreement that strictly prohibits them from discussing non-public Bloomberg documents and proprietary information about the company and its clients in their reporting.\" Following the recent revelations, Winkler said \"we should go above and beyond in protecting data, especially when we have even the appearance of impropriety.\" \"We apologize for our error as it does not reflect on our culture or our heritage,\" Winkler said. \"And we will strive to continue to uphold the highest standards while adhering to the best practices in the industry as long as we may be fortunate to serve our customers as they would have us serve them.\" The New York Post reported Friday that Goldman Sachs confronted Bloomberg over concerns that reporters at the news service had been using the financial information terminals to keep tabs on employees of the bank. According to the report, Goldman found that Bloomberg staffers could determine which employees had logged into Bloomberg\'s proprietary terminals and how many times they had used particular functions. A separate report by the Financial Times said JPMorgan Chase had also complained that Bloomberg reporters were spying on activities by bank employees. The Bloomberg financial terminals, which are operated separately from the news service, gives banks and other financial professionals the ability to research virtually any type of financial asset and carry out trades. A rival of Thomson Reuters, Bloomberg was founded by New York Mayor Michael Bloomberg, who is not involved in management due to his political activities.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today treasury fed query bloomberg on data access Arab Today, arab today treasury fed query bloomberg on data access

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday