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Bloomberg terminal row signals banking’s cultural shift Add to ...

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For Bloomberg LLC’s Canadian business, the scandal around journalists using terminals to snoop on bankers is the least of their worries – the thing they really fear is cost cutting. The move to reduce the tens of thousands of dollars paid every year for each Bloomberg terminal also highlights an interesting cultural shift in the Canadian investment industry that minimizes the importance of individual star traders and brings us closer to bank-led corporate hegemony.

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