These banks are simply butthurt that their do not control Bitcoin so they believe they can build an alternative that they control so they can compete against it. There is zero value in the banks' protocol for anyone other than the banks. Whereas, Bitcoin will have value for anyone and everyone that invests in it or uses it. So, unless the banks open up their protocol to the public, like Bitcoin, and allow people to innovate and make money on their platform, Bitcoin has it beat.
IMO, it's fairly stupid to not have a tiny speculative investment in Bitcoin at this point. But then again, I feel stupid for not investing in Google when I had the chance and knew it was the standard for search.
Professor Hubert Farnsworth: Dear Lord! That's over 150 atmospheres of pressure!
Fry: How many atmospheres can the ship withstand?
Professor Hubert Farnsworth: Well, it's a space ship, so I'd say anywhere between zero and one.
VMS must die!