Wednesday, May 15, 2013

Did US financial reporters spy on Bank of England? Bloomberg 'targeted key staff to check what data they accessed on company terminals'

The Bank of England fears that its top officials have been victims of a spying operation by US financial news agency Bloomberg, it emerged last night.

Senior members of the Bank, including Governor Sir Mervyn King, could have been targeted by employees of the news group to find out what stock market information they had been looking at on the company’s computer terminals.

Reporters could use such information to predict economic decisions that affect millions of people, such as printing more money or keeping interest rates down.