Am I the only one not excited by this? People should be responsible for their own wallets, because not having to rely on third parties is one of the primary benefits of Bitcoin. A small silver lining is that it at least gives us the chance to have that conversation with anyone who decides to take up this service from the banks and point out why maintaining control over your own funds is better.
I won't trust banks in holding my cryptocurrency as well but the way I see it there is more benefit from it rather than the negative things surrounding it. The way I see it is that if we have banks supporting Bitcoin then it will not only be a good publicity but also beneficial for everyone including the businesses who are looking for a big support for them to accept crypto. With us having banks to lead the way I think this would be clearly the start of mass adoption.