Senators Bernie Sanders and Adam Schiff have raised alarms over unauthorized AI agents accessing bank accounts, calling for immediate regulatory action. Major U.S. banks are currently restricting third-party AI access to mitigate security risks and prevent potential financial instability.…more

Citigroup reported a credit card charge-off rate of 2.18% for September, with a delinquency rate of 1.35% at the end of the month. These figures provide insight into the bank's credit card asset quality and risk management performance.…more