Société Générale was at the centre of a financial scandal in 2009. The bank denied those accusations. January 2008: Trading loss incident (Kerviel Fraud) On January 24, 2008, the bank announced that a single futures trader at the bank had fraudulently lost the bank €4.9 billion (an equivalent of US$7.2 billion), the largest such loss in history. The company did not name the trader, but other sources identified him as Jérôme Kerviel, a relatively junior futures trader who allegedly orchestrated a series of bogus transactions that spiraled out of control amid turbulent markets in 2007 and early 2008. Partly due to the
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