2008 Société Générale trading loss on January 28, 2008 with abuse of confidence and illegal access to computers. He was released from custody a short time after. The charges filed carry a maximum three-year prison term. On January 29, 2008 investigating judges Renaud van Ryumbecke and Francoise Desset had rejected prosecutor Jean-Claude Marin's bid to charge Kerviel with the more serious crime of "attempted fraud" and refuse bail. Société Générale characterizes Kerviel as a rogue trader and claims Kerviel worked these trades alone, and without its authorization. Kerviel, in turn, told investigators that such practices are widespread and that getting a profit makes the hierarchy
The Bank for Savings in the City of New-York its founders and first directors were Thomas Eddy, William Bayard Jr., DeWitt Clinton, Archibald Gracie,Cadwallader D. Colden, John Pintard, Matthew Clarkson, Peter Augustus Jay and Brockholst Livingston. Although many credit Eddy with founding the institution, Bayard, who was also a director of the Bank of America founded by Amadeo Giannini, served as the bank's first president. It later merged with the Buffalo Savings Bank in 1982 and its name was subsequently changed to Goldome. The bank is no longer extant today. The Bank for Savings in the City of New-York The Bank for Savings in the City of New-York (1819