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On the eve and afternoon of January 25, 2008, police raided the Paris headquarters of Société Générale and Kerviel's apartment in the western suburb of Neuilly-sur-Seine [16] to seize his computer files. [17] On January 26, 2008, the Paris prosecutors' office stated that Kerviel "is not on the run. He will be questioned at the appropriate ...
Jérôme Kerviel (French pronunciation: [ʒeʁom kɛʁvjɛl]; born 11 January 1977) is a French rogue trader who was convicted and imprisoned in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion.
Loss Institution Market activity Sentence Incident Jérôme Kerviel [10] Paris, France 2006–2008 $6.9 billion (€4.9 billion) Société Générale: European Stock Index Futures: 5 years prison of which 2 years were suspended 2008 Société Générale trading loss: Yasuo Hamanaka [10] Tokyo, Japan 1996 $2.6 billion Sumitomo Corporation ...
The following contains a list of trading losses of the equivalent of US$100 million or higher. Trading losses are the amount of principal losses in an account. [1] Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public.
He was found to be solely responsible for the record loss suffered by Société Générale in early 2008, and was sentenced to five years in prison, with two of those years suspended, and ordered to pay damages of €4.9 billion to the Bank. [53]
2008 Société Générale trading loss; Yasuo Hamanaka caused a loss of about $2.6 billion, over ten years, in unauthorized copper trading on the London Metal Exchange; Nick Leeson caused a loss of £827 million for Barings Bank, leading to its collapse; Howie Hubler lost $9 billion in one CDS trade for Morgan Stanley, the largest single loss ...
13. Roast Beef Debris Po’Boys. Debris is the name given to the bits of shredded, tender roast beef that fall into the gravy while cooking. It ends up on the sandwich in this garlic-studded roast ...
A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), and/or non-profit organizations involved in the various economic and financial crises of 2007–2008.