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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 cautions that AI agents might siphon off low‑cost bank deposits
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, raised a flag about a new, technology‑driven risk to the stability of the banking system. He argued that the rise of sophisticated artificial‑intelligence agents—software programs that can act autonomously on behalf of consumers—could create a scenario that resembles a classic bank run, but one that is triggered…
Sept. 28, 2026, 1:06 p.m.
Markets
AI agents may siphon low‑interest deposits, warns Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, the chief economist at Apollo Global Management, raised a warning that the rapid adoption of artificial‑intelligence‑driven financial agents could fundamentally reshape the way ordinary consumers manage their cash, potentially creating a new form of bank run. While the term "bank run" traditionally evokes images of panicked crowds lining up at teller windows,…
Sept. 28, 2026, 1:06 p.m.
Markets
Apollo Economist Torsten Slok Alerts That AI Bots Might Sap Low-Interest Bank Deposits
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, sounded the alarm on a new, technology‑driven risk to the stability of the banking sector. While traditional bank runs have historically been sparked by panic, rumor, or sudden loss of confidence, Slok suggests that the next wave could be orchestrated by sophisticated artificial‑intelligence agents that act on b…
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
AI agents may spark withdrawals of low‑interest deposits, cautions Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, sounded the alarm that the rapid evolution of artificial intelligence could fundamentally alter the way ordinary savers manage their cash. While most people think of AI in terms of chatbots, recommendation engines, or autonomous vehicles, Slok points out a less obvious but potentially disruptive application: AI‑dri…
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 Bots May Prompt Mass Withdrawal of Low-Rate Deposits, Says Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, sounded the alarm on a potential new catalyst for bank runs that stems not from panic or misinformation, but from the rapid, automated actions of artificial‑intelligence‑driven financial agents. These sophisticated software programs, often referred to as AI agents or autonomous financial bots, are increasingly bein…
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 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.