Agentic AI · AI Agent · Meta · Wall Street · CoinDesk
He therefore argues that if households widely apply agentic AI to make investments
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"If every household used AI agents to optimize the return on their cash balances, banks could lose a large share of the cheap deposits they rely on to make loans, which would be a problem for the entire financial system," he noted.
Key facts
- Mordor Intelligence puts agentic AI in financial services at $7.78 billion in 2026 and projects $43.52 billion by 2031
- To date, the x402 Protocol has reportedly processed approximately 188 million to over 205 million cumulative transactions, with around 69,000 active agents
- Slok highlighted that firms such as Revolut, SoFi, Varo, LendingClub and Wealthfront paying between 3.3% and 5% annual interest on deposits
- Nate Geraci, co-founder of the ETF Institute, has previously said that AI and crypto are both coming for the traditional banking model
Summary
Apollo Chief Economist Torsten Slok warned that AI assistants could trigger a slow-motion bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives. Widespread use of such agents could drain the inexpensive deposits banks rely on to fund loans, potentially threatening the broader financial system. AI assistants that manage household money could set off a slow-motion bank run, Apollo’s Chief Economist Torsten Slok warned in a Sunday note titled “Is an Agentic bank run coming?” Slok said Meta’s personal agent Muse and similar agentic AI assistants could soon sweep household cash into high-interest accounts automatically, instead of the 0.1% national average on checking accounts. Torsten Slok is one of the widely read and influential investment economists on Wall Street.