AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns
Why now
Thesis: AI could accelerate deposit flight from banks
Catalyst to watch: Evidence of AI-driven deposit migration
Main risk: Warning may be speculative and unproven
Why it matters
If AI agents automate cash into higher-yield alternatives, banks lose cheap deposit funding, pressuring net interest margins and lending capacity.
Details
AI agents could trigger a bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives, Slok warns.
Related assets & topics
BanksCreditLiquidityFederal ReserveInterest RatesSources
- coindesk · 2026-09-28 13:06 UTC