[Major US Banks Develop AI Risk Contingency Plans to Prevent Account and Operational Disruptions] According to Axios, major US banks are developing contingency plans for major AI-related incidents to protect accounts, restore customer access, and maintain operations in the event of a potential shock. Morgan Stanley, JPMorgan Chase, and Bank of America, among others, are restricting access to third-party AI agents and adjusting related rules. Banks are concerned that once customers provide login credentials to AI agents, the agents may perform actions without the user's explicit approval, and banks will have difficulty determining whether such activities are authorized by the user. The report also emphasizes that the banks say they have not yet found evidence of uncontrolled agents or hacking attacks affecting customer funds and accounts.