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A comment on Why it's taking so long for Americans to get payments instantly. Parent comment

Re:Why it's taking so long for Americans to get payments ins... by salawat on Sunday December 17, 2023 @12:33AM (#38670557)
Decorrelatiom of risk. Many small redundant banks decreases odds of system threatening contagion. Large correlated businesses have catastrophic outcomes when things do eventually happen.
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Re:Why it's taking so long for Americans to get payments ins... by lxgr on Sunday December 17, 2023 @12:46AM (#38670624)
Unless many small regional banks are all driven into the same corner by the same macro forces that have already capsized a few of them.

And we still do have too-big-to-fail ones too – and they’re gaining market share.

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