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
Sébastien Rale French would bring them "utter ruin and destruction", and the Colonists continued to settle on the Kennebec River. Governor-general of New France Vaudreuil wrote in 1720: "Father Rale continues to incite Indians of the mission at [Norridgewock] not to allow the English to spread over their lands." Indians began to kill cattle, burn haystacks, and otherwise harass Colonial settlers on the Kennebec. Chief Taxous died, and his successor was Wissememet who advocated peace with the Colonists, offering beaver skins as reparation for past damages, and four hostages to guarantee none in the future. Rale, however, continued to stir up individuals