Banks in France could collapse because ‘widening riots can cause deposit flight,’ analysts warn

Banks in France face potential collapse due to widening riots, which could trigger deposit flight, according to analysts.

Protests across the country have escalated, raising concerns about the stability of the French banking system.

The unrest, sparked by a proposed pension reform, has led to damaged bank branches and ATMs, further fueling fears of deposit flight.

However, the impact on seafarers is currently minimal, as the protests are primarily land-based and have not directly affected maritime operations.