SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY FLASH L impact

Bankers are sitting on a $4 trln rotten nest egg

By Stephen GandelGiving AI assistants like Meta's Muse full dominion over their cash might go too far for most people. But savings accounts earning meager interest may tempt and normalize bank-hopping. If forced to compete by comparison-shopping bots, dozens of banks would see profits evaporate.Ful…