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
G. N. Chetty formation of the Reserve Bank of India. Narayanaswamy Chetty was made a Companion of the Order of the Indian Empire in 1929 and a Knights Bachelor in 1945. G. N. Chetty road in T. Nagar, Chennai is named after Gopathi Narayanaswami Chetty. G. N. Chetty Diwan Bahadur Sir Gopathi Narayanaswami Chetty () (28 September 1881 - 13 June 1950) was an Indian merchant, landlord, politician, legislator and economist. Narayanaswami Chetty was the son of Gopathy Mahadeva Chetty. He was educated in Madras. He was elected President of Madras Corporation. Narayanaswamy Chetty served as the member of the Council of State,