What gave rise to Jerome Kerviels big loss?
Question:
What gave rise to Jerome Kerviel’s big loss?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Jerome Kerviels big loss is famously attributed to unauthorized trading activities that he conducted ...View the full answer
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The French banking company Socit Gnrale (SocGen or the Company) was founded on May 4, 1864. The bank has grown to serve 19.2 million individual customers in 76 countries. It employs 103,000 workers...
-
Societe Generale maintained that because Jerome Kerviel's "unauthorized activities" were initiated in 2007, the 6.4 billion euro loss that he incurred in January 2008 should be recorded in 2007. Do...
-
Compare the general format and content of the audit report shown in Exhibit 4 with the standard audit report issued under U.S. GAAS. What are the key differences between those two audit reports?...
-
Write a program that takes the name of an image file as a command-line argument, and creates and shows three Picture objects, one that contains only the red components, one for green, and one for...
-
1. What did the plaintiff seek in this action? What was the legal ground for her claim? What was her principal contention regarding the offers and acceptances at the center of this case? 2. Why did...
-
Perform the indicated operation. 412 - 727
-
A circular rod is tapered from one end to other end; the diameter at one end is \(2 \mathrm{~cm}\) and the diameter at the other end is \(1 \mathrm{~cm}\). Its length is \(20 \mathrm{~cm}\) long. On...
-
Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $3,300, terms 1/10, n/30. May 3 Pays freight costs of $200 on books purchased...
-
In a wheel of a bike, there are six spokes. If tensile forces in consecutive four spokes are 10N, 14N, 12N, and 5N respectively. Calculate the tensile forces in remaining two spokes. The wheel is in...
-
What is the purpose of margin accounts?
-
Explain the meaning of bid and ask quotes.
-
Prove: If a, b, c, and d he in the same plane, then (a b) (c d) = 0.
-
A firm offers terms of 2/9, net 40. What effective annual interest rate does the firm earn when a customer does not take the discount? Without doing any calculations, explain what will happen to this...
-
Assume you work for Evraz plc, the coal and iron ore miner. What would be the costs of shortages in such a firm? Explain using examples.
-
Under the assumptions set out by Modigliani and Miller, is a firm with a low payout dividend stream that uses retentions to finance investment more or less viable than a high payout firm that issues...
-
A warrant with 5 months until expiration entitles its owner to buy 100 shares of the issuing firms equity for an exercise price of 23 per share. If the current market price of the equity is 10 per...
-
A bank has recently installed a new embedded mobile phone payment system for rural communities. Describe the effect this is likely to have on the companys short-term financial management.
-
The three cables are used to support the lamp of weight W. Determine the force developed in each cable for equilibrium. Units Used: kN = 103 N Given: W = 800 N b = 4 m a = 4 m c = 2 m
-
We all experience emotions, but some people disguise their true feelings better than others. Do you think this is a helpful or harmful thing to do? Under what conditions do you think it would be most...
-
The Buddhist tradition has a doctrine that views human beings as having No Self (Anatta). Explain the No Self Doctrine and how it differs from the Hindu view of the Atman. The Buddha sees that the...
-
Endocrine System Diseases and Disorders Research this website and identify at least 4 tests. Identify preparations necessary for each test, what the test determines, and what condition it is used to...
-
Company EJ plans to build a new plant to manufacture bicycles. EJ sells its bicycles in the world market for $440 per bike. It could locate the plant in Province P, which levies a 20 percent tax on...
Study smarter with the SolutionInn App