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
Rale Rasic taught the players how to sing the national anthem." He was a television presenter on SBS, during the Australian network's 2006 FIFA World Cup coverage. His biography, "The Rale Rasic Story," was published in 2006 by New Holland. Rasic was inducted into the Sport Australia Hall of Fame in 1989. In 2001, he was awarded the Australian Sports Medal and the Centenary Medal for "services to soccer" and in 2004 the Medal of the Order of Australia for "service to soccer as a player, coach and administrator." Rale Rasic Zvonimir "Rale" Rasic OAM (/Zvonimir Rale Rašić; born 26 December 1935)