Wall Street banks like JPMorgan tighten restrictions on AI agent trading permissions

Major U.S. banks including JPMorgan, Bank of America, and Citigroup are tightening restrictions on third-party AI agents' access to customer accounts and their ability to execute transactions. Citigroup prohibits unauthorized third-party agents from logging in or trading directly through digital platforms, but allows some approved connections with read-only access to account information.

JPMorgan CEO Jamie Dimon said during the October 13 earnings call that external agents should not be allowed unrestricted access to bank systems; Bank of America CEO Brian Moynihan emphasized that payments must be authorized by humans. Wells Fargo's updated access agreement is scheduled to take effect on November 24, distinguishing between viewing financial information and executing transactions. (Bitcoin.com News)