2008 Société Générale trading loss
id:
2008-soci-t-g-n-rale-trading-loss-306-5982188
title:
2008 Société Générale trading loss
text:
In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his
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encyclopedia
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https://en.wikipedia.org/wiki/2008_Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_trading_loss
date created:
date modified:
2024-02-04T17:10:18Z
main entity:
{"identifier":"Q3002768","url":"https://www.wikidata.org/entity/Q3002768"}
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13
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