2008 Société Générale trading loss 2008 Société Générale trading loss 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 actions were known to his superiors and that the losses were caused by panic selling by
Seat of the European Parliament in Strasbourg and the 1950s buildings of the Strasbourg fair, some of which had to be torn down to make way for the "Immeuble du Parlement européen 4", its formal name. Built at a cost of 3.1 billion French francs (470 million euros) at the intersection of the Ill and the Marne-Rhine Canal, it houses the hemicycle for plenary sessions, the largest of any European institution (750 seats – expanded to 785 – for MEPs and 680 for visitors), 18 other assembly rooms as well as a total of 1,133 parliamentary offices. Through a covered footbridge over the Ill, the Louise Weiss