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.

(ht Bill Bergman)


  1. Pop Quiz. Name the top twelve criminal financial organizations - i.e. the too big to nail.

    (Sort of the financial Murder Incorporated, No? )

  2. It's a "Who's who" list of crony banks and those associated with the financial system.

  3. Fed Staffer: I had the e-mail all made up and was going to let it sit as a draft on my desktop until the correct time. Ooooops.

    - Gitz