Banking refers to the industry and activities related to the management of money and financial services. This sector is primarily concerned with the handling of deposits, loans, investments, and the provision of financial instruments for individuals, businesses, and governments. Banks play a critical role in the economy by facilitating transactions, offering payment services, and acting as intermediaries in the financial system. They accept deposits from customers, which they then use to provide loans and credit to others, thus promoting economic growth. Additionally, banking includes various types of institutions such as commercial banks, investment banks, savings and loan associations, credit unions, and other financial service organizations. Key functions of banks also encompass risk management, wealth management, and financial advisory services.
The Livret A, a popular French savings avenue, experienced a significant drop in deposits to just 350 million euros this January, the lowest since 2016. For the first time in…