Money & business
AI in your bank, your investments and the companies you buy from — who saves money, and who carries the risk.
5 stories · updated daily
3 min readConcerningAI helped scam seniors out of nearly $8 billion in 2025, FBI data showsScammers are using AI to research victims, clone voices, and run scripts at scale — pushing adult children into unpaid roles as full-time fraud monitors for their parents.4 min readConcerningAI-Powered Scams Are Draining Seniors' Savings — and Burdening Their KidsAs AI helps scammers mine obituaries and clone voices, adult children are locking down parents' bank accounts and mail to stop losses that hit nearly $8 billion last year.4 min readMixedMoody's: Banks Racing Into AI Risk Becoming Dependent on a Few Tech GiantsA new Moody's report says banks' rush to adopt AI could leave them exposed to outages, price hikes, and job cuts tied to a handful of Silicon Valley model providers.4 min readConcerningBank customer loses £14,000 after fraudsters used his card to buy AI creditsA Metro Bank customer said "no" to a suspicious payment — but the bank only blocked that one transaction, letting fraudsters drain his account via an AI chatbot subscription.4 min readMixedLloyds plans £2bn in cuts as AI takes on advice, pricing and mortgage checksThe UK's biggest high street bank will lean on AI and agentic tech to cut costs and grow, while staying vague on how many jobs go.