Agentic AI assistants could spark a run on banks, Apollo says
Meta’s Muse is negotiating bills, finding cheaper insurance coverage for users
AI agents that shop around on behalf of consumers could drain the low-interest deposits banks rely on to make loans, Apollo Global Management Chief Economist Torsten Slok warned. In a Sept. 27 note titled “Is an Agentic Bank Run Coming?” Slok wrote that Meta‘s Muse and similar assistants could soon move household cash automatically into […]
