Apollo Chief Economist Torsten Slok warned that AI agents could create bank-run risk by automatically shifting household cash out of low-interest checking accounts and into higher-yield alternatives. The warning, reported by CoinDesk on Sept. 28, centers on the idea that automated money movement could weaken banks’ base of cheap deposits. CoinDesk said the article was written by Omkar Godbole and edited by Stephen Alpher. The piece was published on Sept. 28, 2026 and later updated at 9:07 a.m. EDT.
AI agents could trigger a bank run by automatically moving household cash out of low-interest checking accounts and into higher-yield alternatives, Apollo Chief Economist Torsten Slok warned.
Slok’s warning
According to CoinDesk, Slok said AI agents could drain banks’ cheap deposit base. The mechanism described in the report is automated cash movement from household checking accounts that pay low interest into alternatives offering higher yields.
Report details
The CoinDesk article was written by Omkar Godbole and edited by Stephen Alpher. It was published on Sept. 28, 2026 and updated at 9:07 a.m. EDT.
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