The Financial Times says savers withdrew nearly $60bn from US banks Charles Schwab, State Street and M&T in the first quarter as customers moved their money in search of higher interest rates. Traditional banks could face further threat because of Apple and Goldman Sachs’ new savings account in the US that will pay 4.15% interest a year, it reports.
The paper’s main image is of Vladimir Kara-Murza, a Russian opposition activist, during a court hearing in Moscow where he was sentenced to 25 years in prison for treason.
Week 24 kicks off with spending review speculations, the NHS issuing an urgent call for blood donors and reaction to the weekend’s Nations League action.
Cliff Notes The aftermath of the Appleby Horse Fair left fields littered with rubbish, including plastic bags, furniture, and cardboard,
Cliff Notes A father and his nine-year-old daughter died following a house fire in Heckmondwike, West Yorkshire; the fire was
Reform UK leader Nigel Farage pledged to restore blast furnace operations in Port Talbot, calling it a matter of “national sovereignty and industrial pride.”
Chancellor Rachel Reeves has ruled out introducing a wealth tax under a Labour government, despite growing pressure from trade unions and party members.
Monday’s newspaper headlines are dominated by a few stories: Government policy, in particular, the upcoming Spending Review, which is set to be released on Wednesday and the clashes between protests and the National Guard in the USA.
A handful of front pages lead with the NHS’s call for more blood donors, whilst the back pages report on football transfer gossip ahead of Tuesday’s deadline, Portugal winning the Nations League and Spain’s Alcaraz winning the French Open.
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