Banks hope to issue their own "bitcoins" to fight BTC
There is no way banks can issue cryptocurrency based coin to fight or replace Bitcoin. First and foremost, Banks operate through a centralized system and it will be difficult for a centralized coin to fight a decentralized coin like Bitcoin. Also, Bitcoin has been in the financial ecosystem for about 10 years now and the banks think they can issue their own coin to kick Bitcoin off just like that. The banks and governments are just jokers. There is no way they can stop the Bitcoin and cryptocurrency revolution from happening.
they don't plan to create a bitcoin of their own nor wanted to replace bitcoin. banks and any company can just create digital currencies to catch up with the race to adoption.
CBDC digital currencies can easily take over in my opinion but BTC will still be used to pair with their currencies. these digital fiat currencies i guess they can use to accumulate BTC. over time they may be able to get as much as they can but then there are just too many alts and private cryptocurrencies as they call it for an option.