{
  "id": 10463514,
  "title": "AI assistants helping people maximize their cash could trigger a bank run, Apollo's chief economist warns",
  "url": "https://urgent.news/2026/09/28/ai-assistants-helping-people-maximize-their-cash-could-trigger-a-bank",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-28T14:10:10.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/ai-agents-maxing-out-cash-trigger-bank-run-deposit-apollo-2026-9"
  },
  "original_language": "en",
  "account": "Apollo's chief economist, Torsten Slok, has warned that AI agents designed to optimize financial resources could cause a bank run, as these tools might divert funds from traditional banks to higher-yield accounts operated by fintech firms. Slok, the chief economist at the private equity giant Apollo, explained that an AI agent like Meta's Muse AI could move money from a bank to a fintech firm, potentially leading to a deposit exodus in traditional banks. He further elaborated that if all AI agents function in this manner, they could empty deposits from banks and deposit them in accounts with higher returns, resulting in banks losing a substantial amount of low-cost deposits they rely on for lending. While Apollo has not commented on the matter, the concept of AI agents optimizing personal finances has been gaining traction, with several businesses already implementing measures to block AI assistants from accessing their services due to concerns over data handling and compliance.",
  "summary": "Torstein Slok's theory says that AI agents shifting people's money around en masse could trigger a bank run.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}