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
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