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Apollo's Torsten Slok cautions that AI-driven agents may siphon low‑interest bank deposits
In a recent commentary, Torsten Slok, a senior economist at Apollo Global Management, raised a warning that the rise of sophisticated artificial‑intelligence agents could fundamentally alter the dynamics of retail banking deposits. While banks have traditionally relied on a steady stream of inexpensive, low‑interest checking balances to fund their lending activities, Slok suggests that the advent…
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 agents might siphon off inexpensive bank deposits
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, sounded an alarm about a new class of technological risk that could fundamentally reshape the stability of the banking sector. He argued that sophisticated artificial‑intelligence agents—software programs that can act autonomously on behalf of consumers—might soon have the capability to move vast sums of money out …
Sept. 28, 2026, 1:06 p.m.
Markets
Apollo's Torsten Slok cautions that AI agents might siphon off low‑cost bank deposits
In recent weeks, the financial community has been abuzz with concerns about the potential for artificial intelligence to reshape the way everyday consumers manage their money. Torsten Slok, a senior economist at Apollo Global Management, has sounded a warning that the rise of autonomous AI agents could inadvertently trigger a new form of bank run, one that is driven not by panic or rumors, but by…
Sept. 28, 2026, 1:06 p.m.
Markets
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, warns Apollo’s Torsten Slok
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Sept. 28, 2026, 1:06 p.m.
Markets
Apollo's Torsten Slok Cautions That AI‑Driven Agents Might Deplete Low‑Yield Bank Deposits
In a recent commentary, Torsten Slok, the chief investment strategist at Apollo Global Management, highlighted a potential new risk to the banking sector that stems from the rapid advancement of artificial intelligence. He warned that sophisticated AI‑driven agents, which are increasingly being integrated into personal finance applications, could inadvertently trigger a form of bank run. The mech…
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 artificial‑intelligence‑powered agents could inadvertently trigger a rapid outflow of funds from traditional bank deposits. While AI technologies promise to streamline personal finance management and improve the efficiency of savings decisions, Slok points out that thes…
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 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.