The information: US banking is splitting on AI agents, with JPMorgan, Citi, Bank of America, Morgan Stanley and Wells Fargo blocking or restricting ou...
According to The Information, US banking is splitting over AI agents: JPMorgan, Citi, Bank of America, Morgan Stanley and Wells Fargo are blocking or restricting outside agents, while smaller banks build accounts designed for them. Cross River Bank reports more than $40M in agent card payments across over 200,000 transactions in three months, with airlines the top category, and Lead Bank gives agents their own account numbers that move money by ACH and wire within customer-set limits, with instant lockout. The split matters because it decides who controls AI spending: banks that shut agents out, or banks that build for them.
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- Rohan Paul2026-11-05 01:24