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
T G Purvis T G Purvis T G Purvis (12 April 1861 – 17 January 1933) was a British marine artist. A sea captain who turned to painting, he was a prolific painter of ship portraits and marine scenes from the early 1890s to the late 1920s. His paintings can be found in a number of public collections, notably the National Maritime Museum and the National Museum of Wales. Thomas George Purvis (professionally known as T G Purvis) was born in Chirton, Northumberland, on 12 April 1861. He was the only child of the then 46-year-old Jane Scott, daughter of a master mariner,