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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, a senior economist at Apollo Global Management, sounded the alarm on a new, technology‑driven risk to the banking sector: the potential for artificial‑intelligence‑powered agents to systematically drain cheap deposits from traditional checking accounts. While the idea may sound like something out of a futuristic thriller, the underlying mechanics are rooted i…
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, chief economist at Apollo Global Management, highlighted a new, technology‑driven risk to the banking sector: the emergence of artificial‑intelligence‑powered agents that can autonomously move consumer money from traditional, low‑interest checking accounts to more lucrative alternatives. While the concept may sound like something out of a science‑fiction nove…
Sept. 28, 2026, 1:06 p.m.
Markets
Apollo’s Torsten Slok warns that AI agents may siphon off low‑interest bank deposits
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, raised a flag about a potentially disruptive force emerging from the rapid advancement of artificial intelligence: autonomous software agents that could, without human intervention, relocate everyday consumers’ money from traditional, low‑interest checking accounts into more lucrative financial products. While the …
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 Prompt Massive Shifts from Low‑Interest Bank Deposits, Warns Apollo’s Torsten Slok
In a recent commentary that has quickly become a focal point for discussions about the intersection of artificial intelligence and financial stability, Torsten Slok, chief economist at Apollo Global Management, warned that the rise of sophisticated AI‑driven financial agents could dramatically accelerate the migration of consumer funds away from traditional, low‑interest deposit accounts. While t…
Sept. 28, 2026, 1:06 p.m.
Markets
AI Agents May Prompt Massive Shifts from Low‑Yield Deposits, Cautions Apollo’s Torsten Slok
In a recent commentary, Torsten Slok, chief economist at Apollo Global Management, sounded the alarm on a new, technology‑driven risk to the stability of the banking system. He argued that the rapid advancement of artificial‑intelligence agents—software programs capable of making autonomous financial decisions—could inadvertently trigger a modern‑style bank run. Unlike the classic panic‑driven ru…
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
Apollo's Torsten Slok warns AI agents could siphon off cheap bank deposits
In a recent commentary, Torsten Slok, the chief economist at Apollo Global Management, sounded an alarm about a subtle yet potentially destabilising force emerging from the rapid advancement of artificial intelligence: the rise of autonomous AI agents capable of managing personal finances. While the promise of AI‑driven financial advisors, robo‑investment platforms, and smart budgeting tools has …
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.