Bank Secrets Exposed in EU Credit-Derivatives Investigation
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European Union regulators inadvertently sent confidential data to 13 of the world’s biggest lenders as part of an antitrust complaint in an investigation of the credit derivatives industry.
The European Commission said a limited amount of sensitive information was accidentally left in the documents by law firms representing companies in the probe. After the revelation was discovered, recipients including Goldman Sachs Group Inc. and JPMorgan Chase & Co. were told they must promise to destroy the information without reading it.