2008 Société Générale trading loss the bank. Kerviel joined the middle offices in the bank Société Générale in the summer of 2000, working in its compliance department. In 2005 he was promoted to the bank's Delta One products team in Paris where he was a junior trader. Société Générale’s Delta One business includes program trading, exchange-traded funds (ETFs), swaps, index and quantitative trading. Bank officials claim that throughout 2007, Kerviel had been trading profitably in anticipation of falling market prices; however, they have accused him of exceeding his authority to engage in unauthorized trades totaling as much as €49.9 billion, a figure far higher than
Oil futures drunk-trading incident when drunk". As a result of Perkins' trading, he was suspended in July 2009. That same month, he joined an alcoholics' rehabilitation programme. In July 2010, two days after the FSA announced the sanctions, Perkins was hired by Starsupply Renewables SA, a Swiss-based biofuels brokerage company, initially to create training manuals for new recruits; Starsupply promised not to allow Perkins to trade for the remainder of his probation. A spokesperson for Starsupply stated that they considered him "a good man who did a stupid thing". Oil futures drunk-trading incident The oil futures drunk-trading incident was an incident in which Stephen