The share price of Societe Generale, one of the “Big Three” in the French banking industry, fell about 12% on Monday to a new low in more than two months. The company’s new CEO said he will cut costs to increase profits, but the company’s annual sales are still expected to grow little in the next few years. Dragged down by the collapse of Société Générale and the general decline in the medical and real estate sectors, all three major European stock indexes closed down on Monday. The British FTSE 100 index fell by 0.76%, the French CAC40 index fell by 1.39%, and the German DAX index fell by 1.05%.