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Banking & Finance

People's Bank of China calls for Bloomberg scrutiny

China’s central bank and foreign exchange agency have joined some of the world’s largest central banks in demanding Bloomberg reveal how much access its journalists have to confidential financial information, the South China Morning Post reported. The People’s Bank of China and the State Administration of Foreign Exchange join a list of institutions that includes the US Federal Reserve and the European Central Bank. The demands began when a Hong Kong-based Bloomberg journalist inquired as to the employment status of a Goldman Sachs banker after noticing the banker hadn’t logged in to his Bloomberg terminal over a significant period of time.

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