We all know banks aren't trustworthy, but that's what they should be, and their goal should be actual trustworthiness and not false, theatrical crap like this.
Banks are all about theatrics in the service of image. They depend upon it, in fact. A bank that loses trust is a bank in danger of a run.
A throbber is theatrics. Fake progress messages are (excluding joke examples like in video games) a lie.
The steps of the gif are: -Establishing secure connection -Sending Credentials -Authenticating -Building Secure Environment
That's not too far off of layman's terms of what is happening when they logon albeit just not as slow.
If it provides a layperson the same sense of trust that a technical person would feel if they listed the technical terms, isn't this an accurate demonstration?