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Bloomberg 'sorry' for scandal of journalists

BLOOMBERG has been forced to issue a grovelling apology to clients for its "inexcusable" decision to let its journalists use internal customer information in a scandal that has rocked Wall Street and the City.

"Our reporters should not have access to any data considered proprietary. I am sorry that they did," wrote US editor-in-chief Matthew Winkler on Bloomberg's news service.

"The error is inexcusable," he added in the 600-word mea culpa, entitled 'Holding Ourselves Accountable'.

Winkler's apology came as US regulators reportedly consider whether to probe Bloomberg's behaviour.

During last year's trading scandal at JP Morgan in London -- involving a trader dubbed 'the London Whale' and billions of dollars of losses -- a journalist was said to have tried to find out whether disciplinary action had been taken.

Bloomberg has now barred reporters from such access.

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