Bank Outage in France Affects Thousands of Crédit Mutuel and CIC Clients \ stacker news ~econ

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Bank Outage in France Affects Thousands of Crédit Mutuel and CIC Clients www.lefigaro.fr/conjoncture/une-panne-impacte-pendant-plus-de-deux-heures-des-milliers-de-clients-du-credit-mutuel-et-du-cic-20250830

505 sats \ 13 comments \ @Tony 30 Aug econ

A massive outage is hitting several French banks, including Crédit Mutuel, CIC, Crédit Agricole, and Société Générale: card payments and withdrawals are IMPOSSIBLE. Toll booths are JAMMED with holiday traffic, and card terminals are showing declined payments.

Source: Flash

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29 sats \ 2 replies \ @spiderman 30 Aug

Just when France is drowning in debt and they are pondering an IMF bailout. Cannot be a coincidence, can it?

Another bitcoin fixes this moment.

0 sats \ 1 reply \ @Tony OP 30 Aug

That was my first thought

0 sats \ 0 replies \ @spiderman 31 Aug

The link is in French, but could not find much in English on this bank outage after running a few search. I don't know whether it's a deliberate attempt to not let the news out or just too inconsequential for the English/other media to pick up.

But it's another illustration of how language barrier becomes a tool to control information flow.

0 sats \ 9 replies \ @Undisciplined 30 Aug

I just saw a post about this on nostr. What a mess!

Any sense of the cause yet?

80 sats \ 4 replies \ @Tony OP 30 Aug

Just today I heard of some issues in regards to France here on SN #1199463

Here’s the link to the news: https://www.telegraph.co.uk/business/2025/08/26/france-may-need-imf-bailout-says-economy-minister/

Gonna dig into details now — though it’s just noise to be honest.

42 sats \ 0 replies \ @nichro 30 Aug

Timing is suspect that's for sure

0 sats \ 2 replies \ @Undisciplined 30 Aug

I had seen the IMF bailout news, too. France is often a total basketcase, but it seems like this is a different kind of event.

42 sats \ 1 reply \ @Tony OP 30 Aug

Couldn’t find any details or statements from the banks. Could be network failure or something.

To be honest, I thought this was a bank run caused by the recent statement of French finance minister.

5 sats \ 0 replies \ @Undisciplined 30 Aug

Seems like a potential cyber attack, but we'll see.

21 sats \ 3 replies \ @spiderman 31 Aug

Link please? I am looking for something in English to understand the details.

0 sats \ 2 replies \ @Undisciplined 31 Aug

The note I saw didn't have any more detail than this post.

0 sats \ 1 reply \ @spiderman 31 Aug

But the event is real, i.e. blackout was happening? It is not a fake news?

42 sats \ 0 replies \ @Tony OP 31 Aug

Well, Downdetector did show user reports regarding issues with the banks and even VISA (see screenshot attached to original post. Situation seems to be fine now – just 10 issues versus 5000+ yesterday eventing.