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

Apollo's Chief Economist Torsten Slok warns that agentic AI assistants could trigger a slow-moving bank run by automatically shifting household cash from low-interest checking accounts to higher-yield alternatives, threatening banks' low-cost deposit base critical for loan funding. The growing agentic finance ecosystem, supported by crypto payment infrastructure like Coinbase's x402 protocol, could disrupt traditional banking models.

This Wire brief sits within Fusion42's coverage of Fintech.