Moral Bankruptcy and Trading Losses at Société Générale

50,00 $

CASE STUDY. The purpose of this case is to generate discussion and learning on ethics and corporate governance.

Clear

To buy a "Teaching License", you must register and be approved by our administration.

Description

Moral Bankruptcy and Trading Losses at Société Générale: Abstract

Moral Bankruptcy and Trading Losses at Société Générale is a case study by Chijioke Oji and Viola Makin.

On 24 January 2008, Société Générale (SocGen) announced a loss of €4.9 billion due to unauthorised trading. The loss stemmed from a number of unauthorised trades carried out by Jerome Kerviel – a trader at the bank. At the time, it was the biggest loss due to unauthorised trading in the history of global banking. As the market reacted to the news, the share price dropped from €75.81 to €72.54, losing 4.1% of its value. As further details of the situation unravelled, senior management at SocGen worked frantically to salvage the bank’s reputation.

Teaching objectives

The purpose of this case is to generate discussion and learning on ethics and corporate governance.

Additional information

Year

Editor

Format

Industry

, , ,

Institution

Language

License

Number of Pages

Teaching Notes

Case centre numbering

Range of Pages

Size

Reviews

There are no reviews yet.

Be the first to review “Moral Bankruptcy and Trading Losses at Société Générale”