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
Rogue Trader (film) is heard playing. This is a continuity error as the song was not released until three years after the scene was set. "Rogue Trader" was poorly received by critics, and the film holds a 30% rating on Rotten Tomatoes based on 23 reviews. Rogue Trader (film) Rogue Trader is a 1999 British biographical drama film written and directed by James Dearden and starring Ewan McGregor and Anna Friel. The film centers in the life of former derivatives broker Nick Leeson and the 1995 collapse of Barings Bank. It was based on Leeson's 1996 book "Rogue Trader: How I Brought Down