Team Spirit (film) Team Spirit (film) Team Spirit () is a 2016 French drama film directed by Christophe Barratier. Based on the true life story of Jérôme Kerviel, a French trader who was convicted in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion. Kerviel was born in 1977 in a small fishing town in Brittany. He and his brother were brought up simply by their hardworking parents who were devoted to each other. He earned a Master's degree in Finance. In 2000, the Société Générale recruits
2012 JPMorgan Chase trading loss 2012 JPMorgan Chase trading loss In April and May 2012, large trading losses occurred at JPMorgan's Chief Investment Office, based on transactions booked through its London branch. The unit was run by Chief Investment Officer Ina Drew, who has since stepped down. A series of derivative transactions involving credit default swaps (CDS) were entered, reportedly as part of the bank's "hedging" strategy. Trader Bruno Iksil, nicknamed the "London Whale", accumulated outsized CDS positions in the market. An estimated trading loss of US$2 billion was announced, with the actual loss expected to be substantially larger. These events gave rise to a