AI agents could drain cheap bank deposits, Apollo’s Torsten Slok warns
AI agents could trigger a bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives, Slok warns.
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Summary
- Apollo Chief Economist Torsten Slok warned that AI assistants could trigger a slow-motion bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives.
- Widespread use of such agents could drain the inexpensive deposits banks rely on to fund loans, potentially threatening the broader financial system.
- Crypto payment infrastructure is already supporting agentic finance.
