Apollo Chief Economist Torsten Slok warned that AI if agents widely pursue higher deposit yields automatically, they could accelerate the outflow of funds from low-interest demand deposit accounts.
People familiar with the matter said that Polymarket contracts betting on the failure of multiple U.S. banks have raised concerns among FDIC officials and some members of Congress. The contracts have recently traded approximately 76000 USD,FDIC Internally, it believes existing ethics rules are sufficient to restrict insider participation.