Reports mentioning Apollo Global Management
CoinDesk3 min read
AI Agents May Trigger Bank Runs, Apollo's Torsten Slok WarnsAI agents possess the capability to initiate bank runs by automatically transferring household funds from low-interest checking and savings accounts to higher-yield investment vehicles, according to a warning issued by Torsten Slok, Chief U.S. Economist at Apollo Global Management.
MarketWatch4 min read
AI Agents Could Spark Bank Runs, Economist WarnsAn economist at Apollo Global Management has issued a warning that agentic artificial intelligence could potentially trigger bank runs. The concern, articulated in a brief note, centers on the ability of advanced AI agents to rapidly and simultaneously withdraw funds…