Apollo Global Management

Apollo Global Management is warning that artificial intelligence agents could trigger a modern version of a bank run in the financial industry. The concern is that AI systems acting autonomously could move money out of banks or funds far faster than human depositors ever could, potentially destabilising institutions if many agents react to the same signals at once.

Torsten Sløk, chief economist at Apollo Global Management, is raising the question of whether an 'agentic bank run' could emerge, in which AI agents acting on behalf of depositors move money faster than humans ever could. The idea has sparked discussion about whether automated decision-making could accelerate or amplify financial panic, and whether regulators are prepared for machine-speed withdrawals from banks.