Financial Times - Savers withdrew nearly $60bn from three US banks as Apple raises heat

Summary of the front page

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.

Today's top stories

696x392 cmsv2 9d2823a4 f1a9 5d95 8174 cb9f1b7b99de 9938647

Pedro Sánchez considers early election after Congress rejects housing measures

Prime Minister Pedro Sánchez is deliberating on calling an early general election after Congress rejected his government’s housing measures aimed at protecting vulnerable tenants. Following recent protests over the housing crisis, Sánchez is consulting PSOE leaders, with some advocating for a vote as soon as 29 November.

afp 6ac2d12694f2 1791152422

Nearly 1,500 migrants arrive in Myanmar from Malaysia amid UN warnings

Nearly 1,500 Myanmar migrants, deported from Malaysia, have arrived in Yangon amid criticisms of the repatriation scheme’s safety. This group is part of a planned return of 5,000 nationals, despite concerns from the UN and human rights advocates regarding the voluntary nature of these returns and ongoing civil conflict in Myanmar.

fbi crime 2

Suspected ShinyHunters hacker detained in Jordan and cooperating with FBI

Jordanian authorities have detained Saif al-Din Khader, a suspected member of the ShinyHunters hacking group, which recently claimed responsibility for defacing the FBI’s website. U.S. officials report he is cooperating with investigators as the FBI continues its inquiries into the incident.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement