KBW Bank Index falls 1.5% as Apollo's Torsten Slok warns of potential 'agentic bank run'

The KBW Bank Index fell 1.5% after Apollo chief economist Torsten Slok flagged a potential "agentic bank run," noting deposit accounts yielding 3.3-5% versus about 0.1% on the average US checking account, with AI agents able to shift cash automatically to higher-paying accounts.

Detected & updated continuously · Source: Nebula