logo

Video encyclopedia

24/01/2008 French bank Société Générale announces $7.14bn fraud

5:24

Societe Generale uncovers $7bn fraud - 24 Jan 08

0:43

Merrill Lynch CEO reacting to SocGen scandal

Société Générale lost more than $7 billion closing out positions over three days of trading. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. Kerviel says that the losses were caused by panic selling by the bank.
    Explore contextually related video stories in a new eye-catching way. Try Combster now!
    • Essentials 

    • 1864–1893 

    • 1894–1930 

    • 1931–1945 

    • 1945–1964 

    • 1965–1990 

    • 1990-2009 

    • 2008–2009, years of crises 

    • 2010, a year of recovery? 

    • Executive committee 

    • Board of Directors 

    • Affiliates 

    • Fimat 

    • Lyxor Asset Management 

    • Corporate affairs 

    • Controversies