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
Classifying space for U(n) are in one-to-one correspondence with the homotopy classes of maps from "M" to CP. One also has the relation that that is, BU(1) is the infinite-dimensional projective unitary group. See that article for additional discussion and properties. For a torus "T", which is abstractly isomorphic to U(1) × ... × U(1), but need not have a chosen identification, one writes B"T". The topological K-theory "K"(B"T") is given by numerical polynomials; more details below. Let "F"(C) be the space of orthonormal families of "n" vectors in C and let "G"(C) be the Grassmannian of "n"-dimensional subvector spaces of C. The total