Wednesday, April 10, 2013

Breaking: 12 Banks Got the Fed Minutes a Day Early

CNBC's John Carney is reporting at NetNet:

It wasn't just Capitol Hill staffers and trade groups that received the Federal Reserve minutes a day early. Many banks and other financial institutions also got an early look at the minutes.
A list of recipients obtained by CNBC reveals that at least 12 banks, a Wall Street law firm, a hedge fund, and a private equity fund were on the distribution list that got the minutes early.
The banks included Fifth Third, Citigroup, UBS, Barclays, U.S.BancorpGoldman SachsWells Fargo, HSBC, BNP Paribas, BB&TJPMorgan Chase and PNC.
Sullivan & Cromwell, one of the most powerful Wall Street law firms, also got the email.

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