Published Nov 10, 2026, 8:32 AM ET · Updated 3 days ago · 1 source

Banks seek to rein in soaring AI agent costs, McKinsey says

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Banks seek to rein in soaring AI agent costs, McKinsey says

Banks worldwide are trying to curb the soaring cost of AI agents as spending on the tokens that power them could easily reach 20% of total labor costs, according to McKinsey's Global Banking ​Annual Review.