JP Morgan Isn’t Really Similar to Nazis, Bloomberg News Report Finds
Image by 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.
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
We’ve set a goal to raise $260,000 by December 31. That’s an ambitious goal, but one that will give us the resources we need to invest in the high quality news, opinion, analysis and cultural coverage that isn’t available anywhere else.
If you feel inspired to make an impact, now is the time to give something back. Join us as a member at your most generous level.
— Rachel Fishman Feddersen, Publisher and CEO
