Apollo Chief Economist Warns AI Agents Could Trigger Bank Runs

The chief economist at Apollo has raised concerns that artificial intelligence agents may lead to significant bank runs by facilitating the transfer of household savings. This warning comes as financial experts analyze the potential impact of AI on banking systems.

According to the economist, these AI agents could encourage consumers to move their funds from accounts offering a national average interest rate of 0.1% to those providing rates between 3% and 5%. Such a shift could result in banks losing a substantial amount of their low-cost deposits, which could destabilize the financial system.

This development highlights the growing influence of technology in financial decision-making and raises questions about the stability of traditional banking practices in the face of rapidly evolving AI capabilities.

© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: KLEA News