A Bank Failure, Analog Rails, And The Next Narrative
The old system requires trust to function properly. Failure after failure hasn’t done much to change that. In the new system with faster settlement, trust can be replaced with verification.
The first interstate regional bank in the United States was the Bank of New England. Formed in 1985 after Boston-based Bank of New England Corporation and Connecticut-based CBT Corporation merged, the company was the 18th largest bank in the country at one point in time. However, the time near the top was short lived as Bank of New England ended up goin…
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