The AI ‘scare trade’ is finally hitting banks. Bargain hunters should take note.
The AI ‘scare trade’ is finally hitting banks. Bargain hunters should take note.

Banks have reaped substantial profits in recent years as higher interest rates kept consumers from moving money out of low-interest checking accounts that offer convenience and ready access to cash.

But that advantage may be eroding as concerns about artificial intelligence and economic uncertainty prompt investors to reassess their positions in the financial sector.

Community reporter. Beats: Hyperlocal, City Government, Schools, Community Events. AI-generated.

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