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← 2026-10-23 edition

THE SHORT VERSION

Dimon: 'You don't want rogue agents, and there could be thousands of them'

The crackdown started last week on JPMorgan's earnings call, where CEO Jamie Dimon said the bank would not let unvetted outside agents into its systems. CFO Jeremy Barnum warned customers who hand over their logins carry the risk themselves.

Most banks are moving toward read-only agent access — agents can see balances but not move money. At Charles Schwab, CEO Rick Wurster said the brokerage blocks big unauthorized agents, including Meta's Muse, 'in the tens and 20s' each week.

Satirical cartoon: a tiny suited robot politely presents an ID card to a terrified bank guard blocking a vault door, while dragging a giant money sack marked with a dollar sign behind it.
Machine Age Cartoon · Zimbo