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
St. Jerome in the Desert (Bellini, Florence) St. Jerome in the Desert (Bellini, Florence) St. Jerome in the Desert or St. Jerome Reading in the Desert is a 1480 oil on panel painting by Giovanni Bellini, now in the Uffizi Gallery in Florence as part of the Contini Bonacossi collection, giving it its alternative title of The Contini Bonacossi St. Jerome. Its original location is unknown, though Gamba's theory is that it was an altarpiece for Santa Maria dei Miracoli, Venice, where Jacopo Sansovino mentioned seeing a St. Jerome by Bellini completed in 1489. It uses the same composition as another "St. Jerome in the Desert", controversially