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
G. N. Watson G. N. Watson George Neville Watson (31 January 1886 – 2 February 1965) was an English mathematician, who applied complex analysis to the theory of special functions. His collaboration on the 1915 second edition of E. T. Whittaker's "A Course of Modern Analysis" (1902) produced the classic "Whittaker and Watson" text. In 1918 he proved a significant result known as Watson's lemma, that has many applications in the theory on the asymptotic behaviour of exponential integrals. He was educated at St Paul's School, as a pupil of F. S. Macaulay, and Trinity College, Cambridge. There he encountered Whittaker, though their