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Apollo's Torsten Slok warns AI agents could siphon off low‑cost bank deposits
In a recent commentary, Torsten Slok, the chief investment strategist at Apollo Global Management, sounded the alarm on a novel risk emerging from the rapid advancement of artificial intelligence: the potential for AI‑driven agents to precipitate a new kind of bank run. While traditional bank runs have historically been triggered by panic, rumors, or sudden loss of confidence in a financial insti…
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, sounded an alarm about the potential for artificial‑intelligence‑driven financial agents to destabilise the traditional banking system. According to Slok, the next wave of AI technology could enable automated software programs—often referred to as AI agents or robo‑advisors—to constantly monitor the interest rates …
Sept. 28, 2026, 1:06 p.m.
Markets
AI Agents May Prompt Mass Withdrawal of Low‑Interest Deposits, Warns Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, warned that the rapid advancement of artificial‑intelligence‑driven financial advisors could unintentionally set the stage for a modern‑day bank run. The core of his concern is not a panic fueled by rumors or a sudden loss of confidence in the banking system, but rather a systematic, algorithm‑driven migration o…
Sept. 28, 2026, 1:06 p.m.
Markets
AI agents may siphon low‑interest deposits, warns Apollo’s Torsten Slok
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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, sounded an alarm about the emerging risk that sophisticated artificial‑intelligence agents could inadvertently trigger a new kind of bank run. While traditional runs have historically been driven by panic, rumor, or sudden loss of confidence, Slok points out that the next wave may be orchestrated by algorithms that…
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
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
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, 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 recent weeks, senior economists and market strategists have begun to voice concerns about a new, technology‑driven risk to the stability of the banking sector. Torsten Slok, the chief economist at Apollo Global Management, has warned that the rapid adoption of artificial‑intelligence‑powered agents could create a scenario reminiscent of a classic bank run, but executed at digital speed and on …
Sept. 28, 2026, 1:06 p.m.