Bookmark and Share This is AcaDemon.com

Home Sellers Area Buy Term paper FAQs Custom Term Papers Contact Us AcaDemon.com AcaDemon UK AcaDemon Australia AcaDemon Canada AcaDemon France AcaDemon Germany AcaDemon Spain
Tags
analysis, banking, economic, effects, fraud, generale, incident, january, jerome, kerviel, loss, societe, trading, 2008
Currency
Advanced
Term Paper # 101023 :: Societe Generale's Trading Loss Incident
An analysis of the economic effects of Societe Generale's trading loss incident in January 2008.
Written in 2008; 1,132 words; 7 sources; APA; $ 39.95
Paper Summary:
This paper examines how a junior employee at French banking giant, Societe Generale, cost the company $7.2 billion or nearly 5 billion euros by making disastrous bets on European stock prices through a series of unauthorized and wildly outsized transactions. The paper also discusses how the disclosure of this fraud delivered a new blow to a European banking industry already reeling from losses on American sub-prime mortgage securities.
From the Paper:
"The Societe Generale itself announced that the disclosure of this fraud delivered a new blow to a European banking industry already reeling from losses on American sub-prime mortgage securities -- including a $3-billion write-down (Hiltzik & Baum, 2008). Olivier de la Ferriere, a financial analyst at Richelieu Finance in Paris, remarked, "With everybody already quite scared about financial stocks, this creates even more of a threat to this sector (Hiltzik & Baum, 2008)." In the bank's haste to shut out Kerviel's illicit investments, there is a possibility that the bank may have intensified the European stock drop. Societe Generale ended up unwinding all the illicit investments and thus putting immense pressure on the futures market, and undoubtedly contributing to the decline in world stock markets. "

More papers on "Societe Generale's Trading Loss Incident"

About AcaDemon

We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.

*Look for more research papers, essays and book reports on Societe Generale's Trading Loss Incident

If you can't find your topic here, try another search

or try our affordable, unique custom paper alternative

Custom Research Services include:

  • Papers written from scratch, according to your specifications.
    Every paper is UNIQUE - Guaranteed
  • Professional, top-notch writers
  • All topics covered
  • Any deadline
  • Your satisfaction guaranteed

Place a Custom Research order now

Find out more about Custom Research



This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Societe Generale's Trading Loss Incident", Essays on "Societe Generale's Trading Loss Incident", Research papers on "Societe Generale's Trading Loss Incident", Student papers on "Societe Generale's Trading Loss Incident", Book reports on "Societe Generale's Trading Loss Incident", Dissertation on "Societe Generale's Trading Loss Incident", Thesis on "Societe Generale's Trading Loss Incident", Summary of paper on "Societe Generale's Trading Loss Incident", Articles written on "Societe Generale's Trading Loss Incident".

Shopping Cart
 Total :
$ 0.00
Special Offer
Buy one paper and get
50% off the 2nd paper*
 
*The least expensive paper