Goldman has an equally well-deserved reputation for swift action and aggression, and by taking public its beef over the accessing of terminal user data, the bank dealt a serious blow to Bloomberg’s ambitions to extend the areas in which it competes with its customer base.
A scandal about whether Bloomberg gave the reporters in its news division improper access to terminal user data will not necessarily derail the firm’s attempts to develop a swap execution facility or broaden its trading platforms.
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