2008 Société Générale trading loss a role in the market's overall decline, but characterized that impact as "minimal". 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known
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