In Brief

Bloomberg memos leaked online

Scandal apologises as editor-in-chief says 'the error is inexcusable'

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THE Bloomberg scandal intensified yesterday as more than 10,000 private memos sent through its messaging system were illegally published online, while banks and financial watchdogs demanded Bloomberg come clean over how much private information its journalists have accessed.

The memos from 2009 and 2010 include messages from traders at more than a dozen of the world’s largest banks, including Goldman Sachs, JP Morgan and Barclays, reports the Daily Telegraph.

Meanwhile, The Times reveals that a string of top institutions, including the Financial Conduct Authority, European Central Bank and US Treasury, are pressing Bloomberg for answers.

Matthew Winkler, editor-in-chief of Bloomberg News, apologised. “The error is inexcusable. Our reporters should not have access to any data considered proprietary. I am sorry they did", he said. 

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