3 ms·

Is that why banks are known for using it?

• int_19h 4y ago
  More likely it's the banks that were computerizing early on. If you look at PLs that were available in late 60s / early 70s, COBOL is the one that's most optimized for CRUD and reports, which is largely what the banks wanted. And then once you already have it and it works, why change?