Philippe Gijsels, senior equity strategist at Fortis Global Markets, talks with Bloomberg's Sara Walker and Mark Barton from Brussels about the outlook for the banking industry, valuations and challenges facing central banks. Societe Generale SA, France's second-largest bank by market value, said net income fell 23 percent to 1.1 billion euros ($1.71 billion) on increased provisions for risky loans and writedowns tied to the U.S. subprime mortgage market collapse.