Many institution ( bank ) release crypto currency projects and fail. Bank release project as tester how people respond if bank take part in crypto world but when fail always involve currency in big value. I suggest they learn how to release project from developer, is my advice wrong or there's another option for make successful crypto project?
As the saying goes: "if you can not beat them, join them", thus what these banks are trying to do. They believe blockchain technology can help them improve the services they provide but they do not believe in decentralization of the financial system. Due to this, there is no way they can develop crypto related project for it to be successful.