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 Mutual Life Assurance Society income of nearly 4 million pounds, and assets totaling over 16 million pounds. By 1952 the income had increased to 16 million pounds and funds to 86 million pounds. In 1983 the T&G Society amalgamated with the National Mutual Life Association. which was itself purchased by AXA, a French multinational, in the 1990s. The T & G Mutual Life Assurance Society was notable amongst Australian insurance companies for constructing a series of landmark buildings in cities and town across Australia and New Zealand in the interwar period. In the boom years of the 1880s they built prominent headquarters in Melbourne