Good morning & happy Monday! Today, we're diving into why JPMorgan, Bank of America, Citi, Wells Fargo & Morgan Stanley are locking AI agents out of customer accounts, and why customers who let them in may now carry the losses (what the Axios scoop got wrong, why the blocks started a week before it, how Regulation E turns a shared password into a liability transfer, which blocking banks are helping design Meta's official way in, & the one signal that would end the blockade + bonus deep dives into How AI Agents Reshaped Jobs, Hiring and Productivity at Anthropic & How to Hire a Grok Bot: Your First AI Employee inside), and breaking down Visa's rumored $2.5B bid for Fireblocks to see why the card giant wants the crypto custody firm for the one thing a Visa takeover would end: its neutrality (what Fireblocks' denial does and doesn't rule out, why the price sits 69% below its 2022 valuation and who would take the loss, the stablecoin network gap Visa can't close quickly on its own, &...
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