Report Details Lapses at Bloomberg

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By: Nathaniel Popper | New York Times

An outside review of Bloomberg L.P.’s practices found that the company’s journalists had access to private data about the company’s clients until earlier this year, long after the issue first came to the attention of Bloomberg’s top executives, according to a report on the review released Wednesday.
Bloomberg hired the law firm Hogan Lovells and the consulting firm Promontory Group to review its internal policies after a few banks complained that Bloomberg journalists could see private information about the way bank employees were using their Bloomberg data terminals.

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