Schwab and JPMorgan are blocking AI agents from moving customer money

Charles Schwab and JPMorgan are blocking unauthorized AI agents, like Meta's Muse, from moving client money due to liability and control concerns. Schwab plans to allow AI tools to view balances via secure MCP servers but restrict transactions, promoting its own assistant, Charley. JPMorgan also restricts outside AI agents from acting within its systems amid regulatory scrutiny.