Long thought of as a company that serves the needs of Wall
Street firms, Bloomberg L.P. is quietly becoming more like them, moving
recently into businesses that have been the domain of the largest banks.
This relatively unheralded expansion by Bloomberg helps
explain Wall Street's consternation at recent disclosures that some customer
data was freely available to reporters and others inside the company. The fear
inside banks is that Bloomberg could use that data not only to write negative
news articles but also to compete directly….
More? Checkout http://www.cnbc.com/id/100737461
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