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US Bank Bosses Succumb to Email Hoaxer


FILE - In this Sept. 24, 2014, photo, Lloyd Blankfein, Chairman and CEO of Goldman Sachs, speaks during a panel discussion at the Clinton Global Initiative, in New York.
FILE - In this Sept. 24, 2014, photo, Lloyd Blankfein, Chairman and CEO of Goldman Sachs, speaks during a panel discussion at the Clinton Global Initiative, in New York.

The bosses of Wall Street banks Goldman Sachs and Citigroup are the latest executives to fall victim to an email prankster who has also managed to connect with the head of Barclays and the governor of the Bank of England.

While neither Goldman CEO Lloyd Blankfein nor his Citi counterpart Michael Corbat revealed any sensitive information, the exchanges will raise questions about the way banks' computer systems handle emails to addresses outside their companies.

Blankfein was drawn into the simple hoax when he replied to an email purporting to be from his company's president and co-chief operating officer, Harvey Schwartz, congratulating him on a tweet that Blankfein wrote last week on a trip to China about the country's impressive infrastructure.

“Tweet won some online award for humorous tweet — Trump will be so pissed ;)” the anonymous hoaxer, who used the Twitter handle @SINON_REBORN, said in a published exchange on the social media site pretending to be Schwartz.

New to Twitter

Blankfein, who only recently joined Twitter, replied to whom he thought was Schwartz, saying he had tweeted when he landed in China because it “seemed like a good way to bookend my trip.”

When asked about the incident, a spokesman for Goldman Sachs in New York said: “In the aftermath of the elections in France and England, I would have thought Reuters had more consequential events to report on.”

The prankster then attempted to draw in Corbat and Citi's head of global consumer banking, Stephen Bird, by masquerading as Citi's chairman Michael O'Neill.

Michael Corbat, CEO, Citigroup Inc., speaks at a Citibank branch ribbon cutting on April 10, 2013 in Washington.
Michael Corbat, CEO, Citigroup Inc., speaks at a Citibank branch ribbon cutting on April 10, 2013 in Washington.

Couldn't open link

The hoaxer sent Corbat and Bird an online article from British newspaper CityAM about the exchange between Blankfein and the emailer, according to the prankster's Twitter feed.

Corbat replied that he couldn't open the link.

Bird replied: “Can never be too careful Mike. Hope that's our real Chairman!” He then went on to describe Citi's email filtering system before commenting on Blankfein's mishap.

“At least Lloyd was responsive ... in the new economy that's something. Some of his peers are still getting their messages printed out.”

A spokeswoman for Citi in New York confirmed the existence of the email exchange but declined to comment further.

Jes Staley, CEO of Barclays bank, attends the World Economic Forum annual meeting in Davos, Switzerland Jan. 20, 2017.
Jes Staley, CEO of Barclays bank, attends the World Economic Forum annual meeting in Davos, Switzerland Jan. 20, 2017.

Hoax prompts changes

Due to concerns about hoaxing and security, a small group of the Wall Street elite refuses to say anything substantive in an email, text or chat, and some will not communicate digitally at all, Reuters reported in November.

Last month, Barclays chief Jes Staley became the first high profile executive to be caught out by the prankster, and the bank reportedly responded by tightening its computer security so employees get a warning whenever they are sending messages to someone outside the firm.

Bank of England Governor Mark Carney was also targeted and replied to an email he believed was from the head of the central bank's internal oversight body, Anthony Habgood. In his response, Carney poked fun at the drinking habits of one of his predecessors.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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