2008 Société Générale trading loss positions built up by Kerviel. This has led to speculation that stock market turbulence caused the Federal Reserve Board to cut the rate. A Federal Reserve spokesperson denied the central bank knew of Société Générale's situation when it made its decision. It is estimated that over the period the total trading in futures and the cash market for the Euro Stoxx 50 was €544 billion. This would make the unwinding of Kerviel’s position account for five per cent or less of overall activity. Société Générale's investment banking chief, Jean Pierre Mustier, acknowledged that the three days of forced selling played
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