2008 Société Générale trading loss the bank's total market capitalization. Bank officials claim that Kerviel tried to conceal the activity by creating losing trades intentionally so as to offset his early gains. According to the BBC, Kerviel generated €1.4 billion in hidden profits by the end of 2007. His employers say they uncovered unauthorized trading traced to Kerviel on January 19, 2008. The bank then closed out these positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices, and losses attributed are estimated at €4.9 billion. The bank claimed Kerviel "had
Sébastien Rale that was already hostile, anticipating that the Frenchman would do his best to stoke this hostility. Queen Anne's War pitted New France against New England, fighting to control the region. Massachusetts Governor Joseph Dudley arranged a conference with tribal representatives at Casco Bay in 1703 to propose that they remain neutral. However, a party of the Norridgewock tribe joined a larger force of French and Indians commanded by Alexandre Leneuf de Beaubassin to attack Wells, Maine in the Northeast Coast Campaign. The English suspected Father Rale of inciting the tribe against them; French minister Pontchartrain wrote to Rale's Jesuit superior