Société Générale loss, that same day two credit rating agencies reduced the bank's long term debt ratings: from AA to AA- by Fitch; and from Aa1/B to Aa2/B- by Moody's (B and B- indicate the bank's financial strength ratings). Executives said the trader acted alone and that he may not have benefited directly from the fraudulent deals. The bank announced it will be immediately seeking 5.5 billion euros in financing. On the eve and afternoon of January 25, 2008, Police raided the Paris headquarters of Société Générale and Kerviel's apartment in the western suburb of Neuilly, to seize his computer files. French
The Teacher Who Was Not To Be The Teacher Who Was Not To Be The Teacher Who Was Not To Be () is an opera monologue by Marcus Paus and with a libretto by Olav Anton Thommessen from 2013. It premiered at the concert "Paus & Paus" (with works by Marcus Paus and Ole Paus) in the Atrium of the University of Oslo in connection with the Oslo Opera Festival on 12 October 2013, with renowned opera singer Knut Stiklestad in the role of the eponymous "Teacher." The monologue is based on a letter written by Olav Anton Thommessen to Marcus Paus in 2006, shortly after Paus