FINANCE & BANKING

US banks are restricting AI agents from customer accounts amid concerns about unauthorised transactions, security risks and payment liability

Mark Zuckerberg considered leaving California over a proposed $11 billion wealth tax, despite earning a $1 annual salary from Meta.

US banks are blocking third-party AI agents from customer accounts, including tools given login details by users, while exploring controlled access.

The financing will support Solcoa One, the company's first commercial rare earth metallization plant, as founding team member Laurynas Veckys works across the commercial and operational decisions needed to turn planned capacity into qualified U.S. supply.

Visa and Mastercard propose a $167.5 million ATM-fee settlement for eligible US cardholders. Claims must be filed by 10 February 2027.

JPMorgan CEO Jamie Dimon warns AI agents could mishandle bank payments and says the bank is blocking unauthorised external agents from customer accounts.

Skydance shares fell as warrants began trading separately, while weaker bonds and debt forecasts put the $110 billion (£82.5 billion) acquisition's savings targets in focus.

ING will stop accepting new applications for Savings Maximiser on 1 December 2026, although existing customers can keep their accounts and continue earning interest under current conditions.

OCC report finds nine major US banks had policies that may have restricted services based on political or religious views and lawful business activities.

When comparing personal loans, borrowers should assess the effective interest rate, fees, repayment term and total amount repayable rather than relying on the advertised rate alone.

Bank of America admitted to wilfully breaking US anti-money laundering law as the Treasury hit it with a $1.2 billion penalty over suspicious transactions tied to foreign laundering networks.

Bank of America faces over $1.21 billion in US penalties after regulators found anti-money laundering failures and delayed reporting of suspicious activity.

US and European regulators are intensifying scrutiny of banks' AI use, focusing on autonomous systems, cyber recovery, third-party providers and threats to financial stability.

Geoff Ogunlesi married Jennifer Meyer in Hawaii. Discover his music management career, artist credits and family background, including billionaire father Adebayo Ogunlesi

Goldman Sachs upgrades Palantir to 'Buy', citing rising demand for sovereign and customised AI, but questions remain over the stock's lofty valuation and rivals.

Elon Musk has suggested SpaceX could eventually be worth orders of magnitude more than the global economy, but provided no valuation, timetable or evidence to support the prediction.

The OCC fined American Express $350 million after finding AML failures left $13 billion in suspected activity inadequately identified and reported.

London remains just behind New York in the latest Global Financial Centres Index, but sharp gains by Gulf hubs highlight growing competition and the need for long-term strategic planning.

Citigroup overtakes Goldman Sachs in global IPO rankings as investors question whether its 'pricey' dividend can be sustained amid a fragile deals market.

SEC fines Merrill Lynch $7.5M after a risk-score threshold kept potentially suspicious activity from reaching human investigators for review.

AI voice cloning and a fake WhatsApp identity reportedly helped trigger $108M in transfers from Fideuram, leaving about €36M unrecovered.

Anthropic plans $518B in AI infrastructure commitments as it heads toward a potential $2T IPO after a $42B 2025 net loss.

Siddharth Jawahar, sentenced to 11 years for a $35 million Ponzi scheme involving Travis Kelce among its investors, sought to marry while in custody, prompting immigration concerns from prosecutors

Truist CEO Mike Lyons buys $1M in shares after the bank agrees to sell its near-prime auto-loan unit to Apollo for $5.5B.

AI agents could automate rate shopping and move household cash between accounts, challenging the low-cost deposits banks rely on to fund loans

Barclaycard blamed human error after a Manchester reader received another customer's emails and overdue payment notices for 13 months. It offered £200.

Looking for top prop firms with transparent rules in the UK? Check our top 5 list. We compared and ranked these firms based on certain metrics.

Roberto Masud discusses building Masud International Limited as an integrated advisory platform for complex cross-border transactions involving finance, law, regulation, capital and execution.

Howard Buffett becomes Berkshire Hathaway chairman after Warren Buffett steps down, taking responsibility for protecting the $1.1T company's culture.