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Bloomberg editor apologizes over private data

| Tuesday, May 14, 2013, 12:01 a.m.

The editor-in-chief of Bloomberg News apologized on Monday for the financial news service's practice of accessing private data on clients through the company's ubiquitous information service for stock and bond traders.

Journalists at Bloomberg News, until recently, had been able to see when clients last accessed their Bloomberg information terminals and what broad categories of functions they used. Goldman Sachs had complained that a Bloomberg reporter was using the information to investigate whether a Goldman employee had departed.

“Our client is right,” editor-in-chief Matthew Winkler said in an online posting. “Our reporters should not have access to any data considered proprietary. I am sorry they did. The error is inexcusable.”

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