Should Wall Street Be Afraid of WikiLeaks?

Wikileaks will likely target a major US bank with its next release of documents.

WikiLeaks, fresh off embarrassing international diplomats and U.S. intelligence officials, is poised to take on another choice target: a major U.S. bank. The Wall Street Journal’s David Weidner looks at whether WikiLeaks really poses a serious threat to Wall Street.

There is a lot of speculation that the WikiLeaks will target Bank of America, but BofA says they have no knowledge that the documents that will be released are focused on BofA. Truth be told, there has been a lot of talk about Wikileaks but the net impact of all of the leaks has been minor so far. We’ll see how Wall Street responds to a leak that deals with matters much closer to home (financial services).

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio