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Apollo's Torsten Slok Alerts That AI Bots Might Sap Low-Interest Bank Deposits
In a recent commentary, Torsten Slok, the chief economist at Apollo Global Management, raised a warning that the rapid advancement of artificial intelligence could have unforeseen consequences for the traditional banking sector. While most discussions about AI focus on its potential to enhance productivity, streamline operations, and generate new revenue streams, Slok highlighted a less obvious b…
Sept. 28, 2026, 1:06 p.m.
Markets
Apollo's Torsten Slok Alerts That AI Bots Might Sap Low‑Interest Bank Deposits
In a recent commentary, Torsten Slok, the chief economist at Apollo Global Management, sounded the alarm on a potential new risk to the banking sector: the emergence of artificial‑intelligence‑driven agents that could systematically relocate consumer cash from traditional, low‑interest checking accounts into more lucrative alternatives. While the notion may sound speculative, Slok’s concerns are …
Sept. 28, 2026, 1:06 p.m.
Markets
AI Bots May Prompt Mass Withdrawal of Low‑Interest Deposits, Says Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, sounded the alarm on a subtle yet potentially disruptive force emerging from the rapid advancement of artificial intelligence: the capacity of AI‑driven agents to automatically reallocate personal cash holdings. While the technology promises greater convenience and efficiency for consumers, Slok cautions that it…
Sept. 28, 2026, 1:06 p.m.
Markets
Torsten Slok of Apollo Cautions That AI Agents May Siphon Low‑Interest Deposits
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, sounded the alarm about a new, technology‑driven risk to the banking system. He argued that the rapid advancement of artificial‑intelligence‑powered agents—software programs that can autonomously manage personal finances—might inadvertently trigger a wave of deposit withdrawals that resembles a classic bank run,…
Sept. 28, 2026, 1:06 p.m.
Markets
AI agents may siphon low‑interest deposits, cautions Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, highlighted a growing concern that advanced artificial‑intelligence agents could inadvertently become catalysts for a new kind of bank run. The core of his warning centers on the ability of sophisticated AI‑driven financial tools to monitor and react to interest‑rate differentials across a wide array of deposit pro…
Sept. 28, 2026, 1:06 p.m.
Markets
AI agents may siphon low‑interest deposits, cautions Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, the chief economist at Apollo Global Management, sounded an alarm about the potential for artificial‑intelligence‑powered financial agents to reshape the landscape of retail banking in ways that could prove destabilising for traditional deposit‑taking institutions. While the notion of AI‑driven software moving money might sound like a futuristic scenario, Slo…
Sept. 28, 2026, 1:06 p.m.
Markets
AI Agents May Prompt Rapid Withdrawal of Low-Interest Deposits, Apollo’s Torsten Slok Cautions
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, warned that the rise of autonomous artificial‑intelligence agents could fundamentally alter the way individuals manage their cash, potentially creating a new kind of bank‑run scenario. While traditional bank runs have historically been driven by panic, rumors, or sudden loss of confidence in a financial institution…
Sept. 28, 2026, 1:06 p.m.
Markets
AI Agents May Prompt Rapid Withdrawal of Low-Interest Deposits, Says Apollo's Torsten Slok
In a recent commentary, Torsten Slok, the chief investment officer at Apollo Global Management, highlighted a growing concern that advanced artificial‑intelligence agents could unintentionally set off a modern‑day bank run. The crux of his argument centers on the way these AI‑powered tools are increasingly being programmed to optimise personal finances, seeking the highest possible returns for ev…
Sept. 28, 2026, 1:06 p.m.
Markets
Apollo's Torsten Slok warns AI agents may siphon off inexpensive bank deposits
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, sounded the alarm on a potential new risk to the banking system: the emergence of autonomous artificial‑intelligence agents that can move money at a speed and scale previously unimaginable. While the technology promises greater efficiency for consumers seeking better returns on their cash, Slok argues that the v…
Sept. 28, 2026, 1:06 p.m.
Markets
Apollo's Torsten Slok cautions that AI agents might siphon off low‑cost bank deposits
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, highlighted a growing concern among financial regulators and market participants: the emergence of sophisticated artificial‑intelligence agents that can, without human intervention, reallocate consumer cash from traditional, low‑interest checking accounts into more lucrative investment vehicles. While the notion…
Sept. 28, 2026, 1:06 p.m.