{"version":1,"type":"story","url":"https://digestai.news/story/banks-have-profited-from-idle-cash-for-years-ai-agents-could-change-th","json":"https://digestai.news/story/banks-have-profited-from-idle-cash-for-years-ai-agents-could-change-th.json","markdown":"https://digestai.news/story/banks-have-profited-from-idle-cash-for-years-ai-agents-could-change-th.md","slug":"banks-have-profited-from-idle-cash-for-years-ai-agents-could-change-th","headline":"Banks have profited from idle cash for years. AI agents could change that.","summary":"banks that customers could use it to move idle cash into higher‑yielding accounts, tightening banks’ profit margins.\n\nThe KBW Nasdaq Bank Index fell about 2.6% on Tuesday as investors reacted to the new AI threat. Bank of America analyst Ebrahim Poonawala warned that real proof of disruption would come if deposit costs rise faster than rates or competition allow.\n\nCharles Schwab experienced cash‑sorting pressure in 2023, drawing on expensive short‑term funding and seeing profits decline. The Fed’s rate hikes and a personal savings rate near a four‑year low add to the pressure on banks to attract deposits.","keyPoints":["KBW Nasdaq Bank Index fell 2.6% on Tuesday after the agent’s release","Banks profit from customers keeping cash idle; deposit sorting threatens margins"],"whyItMatters":"The shift could erode banks’ low‑cost funding base, forcing higher deposit rates and squeezing net interest margins, a key concern for the financial sector’s stability.","category":{"slug":"business","name":"Business & Funding","url":"https://digestai.news/category/business"},"entities":{"companies":["Meta","Charles Schwab","JPMorgan Chase","Booking Holdings","Expedia Group","Arthur J. Gallagher"],"models":[],"people":["Ebrahim Poonawala"]},"firstPublishedAt":"2026-09-26T08:42:00Z","updatedAt":"2026-09-26T08:42:00Z","sourceCount":1,"hasPrimarySource":false,"sources":[{"outlet":"finance.yahoo.com","title":"Banks have profited from idle cash for years. AI agents could change that.","url":"https://finance.yahoo.com/markets/article/banks-have-profited-from-idle-cash-for-years-ai-agents-could-change-that-154215138.html","publishedAt":"2026-09-26T08:42:00Z","type":"press","primary":false,"lead":true}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Banks have profited from idle cash for years. AI agents could change that.\", 26 September 2026, https://digestai.news/story/banks-have-profited-from-idle-cash-for-years-ai-agents-could-change-th","publisher":"Digest AI","title":"Banks have profited from idle cash for years. AI agents could change that.","datePublished":"2026-09-26T08:42:00Z","url":"https://digestai.news/story/banks-have-profited-from-idle-cash-for-years-ai-agents-could-change-th"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}