Bank of America Shares Fall on AI Deposit Threat Concerns
Bank of America shares dropped about 1.3% to $53.72 following a Reuters Breakingviews report that AI agents could accelerate customer cash movement to higher-yielding accounts, posing a challenge to the lender's deposit base.
72 on October 1. Reuters Breakingviews raised the possibility that AI agents could make customers quicker to move cash into higher-yielding a…