2008 Société Générale trading loss a role in the market's overall decline, but characterized that impact as "minimal". 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
Sébastien Rale that was already hostile, anticipating that the Frenchman would do his best to stoke this hostility. Queen Anne's War pitted New France against New England, fighting to control the region. Massachusetts Governor Joseph Dudley arranged a conference with tribal representatives at Casco Bay in 1703 to propose that they remain neutral. However, a party of the Norridgewock tribe joined a larger force of French and Indians commanded by Alexandre Leneuf de Beaubassin to attack Wells, Maine in the Northeast Coast Campaign. The English suspected Father Rale of inciting the tribe against them; French minister Pontchartrain wrote to Rale's Jesuit superior