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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 ...
Source of loss Year Person(s) associated with incident at time of loss USD 10 bn 1 USD 10 bn -19.4% USD 8.06 bn United States: Archegos Capital Management [4] Total return swaps 2021 Bill Hwang: USD 9 bn: 1: USD 9 bn: −3.7%: USD 8.67 bn United States: Morgan Stanley [5] Credit Default Swaps: 2008 Howie Hubler: USD 9 bn: 1: USD 9 bn: −7.0% ...
Loss (Billion USD) References UBS: bank ... Société Générale: bank $3.0 bln [63] [64] BNP Paribas: ... August 12, 2008 (commentary )
o o o s. c: o thO 00 . Created Date: 9/20/2007 3:37:18 PM
Loss mitigation is a way for mortgage lenders to help borrowers who are struggling to make their monthly payments avoid losing their homes.
Her total loss was $7,363. The transactions were all friend-to-friend transfers sent to a person she had never heard of. Holt immediately disputed the charges, expecting the bank to protect her.