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Travis Hill, FDIC chairman, says the agency is not ruling out risks from AI tools that could allow customers to move deposits more quickly in search of higher returns, though he says such a scenario would require a significant shift in how customers delegate financial decisions. Hill also says there is a “strong case” for expanding deposit insurance coverage, either by raising the current limit or creating a category of accounts with higher coverage. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s "Balance of Power."
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