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Apollo's Torsten Slok cautions that AI-driven agents may siphon low‑interest deposits
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, highlighted a growing risk that could reshape the banking landscape: the emergence of autonomous artificial‑intelligence agents capable of moving consumer money at unprecedented speed. While the idea of AI‑driven financial assistants has been praised for its convenience, Slok argues that the same technology could a…
Sept. 28, 2026, 1:06 p.m.
Markets
Apollo's Torsten Slok cautions that AI-driven agents might siphon low‑interest deposits
In a recent commentary, Torsten Slok, the chief economist at Apollo Global Management, sounded an alarm about a new, technology‑driven risk to the stability of the banking system. He warned that sophisticated artificial‑intelligence agents—software programs designed to optimise financial outcomes for users—could, in practice, behave like a coordinated swarm of depositors, rapidly moving money out…
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
Apollo’s Torsten Slok warns AI agents could siphon off low‑interest bank deposits
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, sounded the alarm on a potential new risk to the banking system that stems from the rapid evolution of artificial intelligence. He argues that the emergence of sophisticated AI agents—software programs capable of making autonomous financial decisions—could inadvertently trigger a form of bank run, not through panic…
Sept. 28, 2026, 1:06 p.m.
Markets
AI agents might siphon low‑interest deposits, cautions Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, sounded the alarm about the potential for artificial‑intelligence‑driven agents to reshape the way consumers manage their cash and, in doing so, to create a new kind of pressure on the banking system. While the concept of a bank run traditionally evokes images of panicked crowds lining up at teller windows, the …
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
Apollo's Torsten Slok cautions that AI agents might siphon low‑interest deposits
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Sept. 28, 2026, 1:06 p.m.
Markets
Apollo's Torsten Slok cautions that AI-driven agents might siphon low‑rate bank deposits
In a recent commentary, Torsten Slok, the chief investment strategist at Apollo Global Management, raised a flag about a new and potentially destabilizing force in the financial system: artificial‑intelligence‑powered agents that can move money at a speed and scale previously unimaginable. While AI has been celebrated for its ability to streamline everything from supply‑chain logistics to persona…
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 siphon low‑interest deposits, warns Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, highlighted a growing concern that advanced artificial‑intelligence agents could inadvertently set off a modern‑day bank run. The crux of his warning revolves around the ability of these AI‑driven tools to automatically reallocate personal cash balances from traditional, low‑interest checking accounts into more …
Sept. 28, 2026, 1:06 p.m.