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
Fiat G.91 Strela 2 (NATO designation SA-7 Grail) MANPADS in early 1973, these immediately became a threat to Portuguese air superiority. On 25 March 1973, and 28 March, two FAP G.91s were shot down by missiles within three days, with a further two lost to conventional ground fire later in the year. (By comparison, only two G.91s had been lost in Guinea from 1966 to 1973.) A final G.91 was lost to a missile on 31 January 1974, while Strelas were also responsible for the loss of a T-6 Texan and two Do.27K-2s. G.91s deployed to Mozambique at the end of 1968,