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
The Coffee Trader on the sort of character I wanted to see in that situation." The Coffee Trader The Coffee Trader is a historical novel by David Liss, set in 17th-century Amsterdam. The story revolves around the activities of commodity trader Miguel Lienzo, who is a Jewish refugee from the Portuguese Inquisition. Recovering from near financial ruin, he embarks on a coffee trading scheme with a Dutch woman, kept secret because it is forbidden by his community council. Miguel navigates the social structures of the Amsterdam business world, the politics of the council, and the plots of competitors bringing this new import to