Trading Loss
The company suffered a €751 million derivatives trading loss in October 2008, which it blamed partly on the high market volatility at the time. The group of employees responsible for making the unauthorised trades were dismissed.
Read more about this topic: Groupe Caisse D'Epargne
Famous quotes containing the words trading and/or loss:
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)
“Begin with loss and see
how the world contradicts you,
how the horizon implies that beyond it
the water is not empty
but full of ships
all docking at another island.”
—Lynn Emanuel (b. 1949)