AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns
60-second summary
AI economist Torsten Slok warns that autonomous AI agents may spark a modern bank run by instantly shifting household cash from low‑interest checking accounts into higher‑yield alternatives, draining cheap deposits. He notes that algorithmic speed could outpace traditional safeguards, forcing banks to raise rates or tighten liquidity, which could compress margins and reshape the banking industry’s funding model.
AI agents could trigger a bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives, Slok warns.