Wells Fargo

Major U.S. banks including Morgan Stanley, JPMorgan Chase, Bank of America, and Wells Fargo are contending with unauthorised third-party AI agents accessing customer accounts, Axios reports. Banking executives have described the situation as horrifying, and several institutions have begun actively blocking the agents and rewriting their terms of service to prevent the practice.

Wall Street's largest banks, including Goldman Sachs, Wells Fargo and Morgan Stanley, are treating asset tokenization as a growth opportunity rather than a threat to their franchises, according to a report from CoinDesk.