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 the Assembly to act in what was called Dummer's War. In August 1724, a force of 208 British soldiers left Fort Richmond in 17 whaleboats (now Richmond, Maine) and rowed up the Kennebec. These split into two units under the commands of captains Johnson Harmon and Jeremiah Moulton. At Taconic Falls (now Winslow, Maine), 40 men were left to guard the boats as the troops continued on foot. On August 23, 1724 (N. S.), the expedition came upon the village of Norridgewock. The Indians were routed, leaving 26 warriors dead and 14 wounded. Among the casualties was Sébastien Rale. Rale's