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by voisin 1199 days ago
Absolutely. They would have a digital record of everything available in real time. If they didn’t then they were never a real bank.
1 comments

The comparison would be FTX where they handed the auditor a pile of Excel spreadsheets and some vague, "I thought they were in last week's email" kind of accounting.

Real banks have real controls and want to know where every fractional cent (blast, my Superman 3 scheme is foiled in the crib) is at any moment.

Edit: minor English goof

Upvote for Superman 3 reference. For those who don’t get it:

https://youtu.be/N7JBXGkBoFc