Banking is the business of accepting deposits from the public, providing loans, and offering various financial services. It serves as an intermediary between savers and borrowers, facilitating the management of money and providing a safe place for individuals and businesses to store their funds. Banking encompasses a range of institutions, including commercial banks, investment banks, and credit unions, each offering different services such as checking and savings accounts, credit cards, mortgages, and investment products. The banking sector plays a crucial role in the economy by enabling the flow of capital, supporting economic activity, and helping manage risks through various financial instruments. Banks are also regulated by government authorities to ensure stability and protect consumer interests.
The Livret A savings account experienced an unprecedented decline in January 2025, with net deposits of only €350 million, the lowest since 2016. The interest rate for the Livret A…