In an era of higher interest rates, banks have reaped big profits due to consumers’ reluctance to move money out of low-interest checking accounts that offer convenience and ready access to money.
Source: [MarketWatch](https://www.marketwatch.com/story/the-ai-scare-trade-is-finally-hitting-banks-bargain-hunters-should-take-note-b2fc7410?mod=mw_rss_topstories)