Société Générale was at the centre of a financial scandal in 2009. The bank denied those accusations. January 2008: Trading loss incident (Kerviel Fraud) On January 24, 2008, the bank announced that a single futures trader at the bank had fraudulently lost the bank €4.9 billion (an equivalent of US$7.2 billion), the largest such loss in history. The company did not name the trader, but other sources identified him as Jérôme Kerviel, a relatively junior futures trader who allegedly orchestrated a series of bogus transactions that spiraled out of control amid turbulent markets in 2007 and early 2008. Partly due to the
T & G Mutual Life Assurance Society income of nearly 4 million pounds, and assets totaling over 16 million pounds. By 1952 the income had increased to 16 million pounds and funds to 86 million pounds. In 1983 the T&G Society amalgamated with the National Mutual Life Association. which was itself purchased by AXA, a French multinational, in the 1990s. The T & G Mutual Life Assurance Society was notable amongst Australian insurance companies for constructing a series of landmark buildings in cities and town across Australia and New Zealand in the interwar period. In the boom years of the 1880s they built prominent headquarters in Melbourne