Société Générale loss, that same day two credit rating agencies reduced the bank's long term debt ratings: from AA to AA- by Fitch; and from Aa1/B to Aa2/B- by Moody's (B and B- indicate the bank's financial strength ratings). Executives said the trader acted alone and that he may not have benefited directly from the fraudulent deals. The bank announced it will be immediately seeking 5.5 billion euros in financing. On the eve and afternoon of January 25, 2008, Police raided the Paris headquarters of Société Générale and Kerviel's apartment in the western suburb of Neuilly, to seize his computer files. French
Trader Joe's Joe's quintupled the number of its stores between 1990 and 2001, and multiplied its profits by ten. "Supermarket News" estimated Trader Joe's sales for 2015 at $13 billion, and placed Trader Joe's 21st on the list of "SN's Top 75 Retailers for 2016." In February 2008, "BusinessWeek" reported that the company had the highest sales per square foot of any grocer in the United States. Two-and-a-half years later and in 2016, "Fortune" magazine estimated sales to be $1,750 in merchandise per square foot—more than double the sales generated by Whole Foods. In February 2016, due to customer feedback, Trader Joe's