JP Morgan Isn't Really Similar to Nazis, Bloomberg News Report Finds

Image: Getty Images

A Bloomberg News article that compared a bank deal gone sour to the Nazis destruction of an Italian town during World War II went “too far,” according to a recent review of the incident.

JPMorgan has voiced their displeasure over a 2011 article by the media conglomerate that compared skyrocketing interest rates in Cassino, Italy, to the Nazi occupation of the town, where 75,000 were killed in battle.

Clark Hoyt, an editor-at-large at Bloomberg News, conducted a review on the relationship between Bloomberg’s news and commercial operations, according to the New York Times.

“To suggest that a bond deal gone sour, curtailing daycare for 60 children and services for the poor, is comparable to the terror and cataclysm of war is inconsistent with BN’s high standards,” Hoyt said.

The report also recommended that Bloomberg hire an employee to handle similar future complaints and a newsroom standards editor.

Written by

Seth Berkman

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

JP Morgan Isn't Really Similar to Nazis, Bloomberg News Report Finds

Thank you!

This article has been sent!