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A Bunch Of Wall Street Banks Considering Blocking Traders From Chat Rooms
Honestly, we're surprised this hasn't come up before... Credit Suisse, JP Morgan, RBS, Barclays and more banks are discussing changes to their policy allowing traders across Wall Street to speak to each other in Bloomberg chat rooms, the WSJ reports. Credit Suisse and JPM are considering blocking access to them entirely. This would be a big change. Wall Street 101 — traders love and live for their chat rooms. However, transcripts from said chat rooms have figured heavily into a wide range of probes into Wall Street malfeasance. Most recently, they regulators have used them to investigate allegations of rate rigging ... (full story)
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