AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns

The warning centers on household cash in low-interest checking accounts being redirected to higher-yield alternatives by software.

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What happened?

Apollo’s Torsten Slok warned that AI agents could automatically move household cash from low-interest checking accounts into higher-yield alternatives. He said the resulting shift in deposits could trigger a bank run, making automated searches for better yields a potential source of bank-account outflows.

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