2008 Société Générale trading loss 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known to his superiors and that the losses were caused by panic selling by
Trader Monthly this acquisition. Trader Monthly Trader Monthly was a lifestyle magazine for financial traders founded by Magnus Greaves. The headquarters was in New York City. The target audience of "Trader Monthly" was the financial community with an average income at or exceeding US$450,000 and/or net worth greater than $2 million. This included traders who worked at banks, hedge funds, exchange floors, proprietary trading companies, independent firms, private offices, insurance companies, asset management firms, energy firms, and other trading locales. The magazine had a BPA Worldwide-qualified circulation of 106,710 subscribers and launched in November 2004. The target audience of the magazine was