Apollo's chief economist believes AI assistants could drain the cheap deposits that keep banks alive, and one feature already ...
The note was brief, but the implications are big: The chief economist of private-equity giant Apollo Global Management thinks ...
Torstein Slok's theory says that AI agents shifting people's money around en masse could trigger a bank run.
Meta's Muse AI personal agent will work over your credit card spending if you don't mind the invasion. How big a threat is it ...
The arrival of autonomous assistants that can find the cheapest airfare and the best interest rate means bigger baskets of ...
AI agents could spark a new kind of bank run by automatically yanking consumers’ cash out of low-paying checking accounts and ...
Banks have long counted on customers leaving money in accounts that pay next to nothing. With about 40% of consumers already ...
A major Wall Street firm is warning that AI money agents could trigger mass deposit flight from US banks. Apollo Global ...
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Apollo warns of 'agentic bank runs' as AI labs admit they can't stop agents from acting in unison
Apollo Global Management chief economist Torsten Slok has warned about a threat to the banking system that he refers to as an ...
Meta Muse scans your bank transactions to flag forgotten subscriptions and help you cancel them, targeting the friction that ...
Other parts of the financial sector have also been hit. Brokerage stocks Charles Schwab and Interactive Brokers are off by 9.8% and 8.3%, respectively, this month. KBWB 3M mountain KBWB 3-month chart ...
Apollo economist warns AI assistants could shift cash from 0.1% checking into 3-5% alternatives, risking bank funding and ...
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