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
Rale Rasic taught the players how to sing the national anthem." He was a television presenter on SBS, during the Australian network's 2006 FIFA World Cup coverage. His biography, "The Rale Rasic Story," was published in 2006 by New Holland. Rasic was inducted into the Sport Australia Hall of Fame in 1989. In 2001, he was awarded the Australian Sports Medal and the Centenary Medal for "services to soccer" and in 2004 the Medal of the Order of Australia for "service to soccer as a player, coach and administrator." Rale Rasic Zvonimir "Rale" Rasic OAM (/Zvonimir Rale Rašić; born 26 December 1935)