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 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