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- Israeli strikes in Lebanon escalate as casualties rise amid ongoing conflict
- UK Athletics fined £350,000 after death of UAE Paralympian in practice accident
- DOJ announces it will not proceed with $1.8 billion anti-weaponisation fund
- Zelenskyy warns of potential Russian aerial attack amid missile shortage
- Trump appoints Bill Pulte as acting director of national intelligence
- Australian racing driver denies raping nurse at Michael Schumacher’s mansion
- Hungary expresses optimism over Ukraine minority rights deal for EU talks
- California governor’s primary race intensifies as voters cast ballots
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
Israeli strikes in Lebanon escalate as casualties rise amid ongoing conflict
June 3, 2026
1:35 am
Israeli strikes in Lebanon killed at least a dozen, defying hopes from Trump’s intervention in Deadly violence in Lebanon despite Trump intervention.
UK Athletics fined £350,000 after death of UAE Paralympian in practice accident
June 3, 2026
12:49 am
UK Athletics was fined £350,000 for the “wholly avoidable” death of UAE Paralympian Abdullah Hayayei caused by a collapsed practice cage.
DOJ announces it will not proceed with $1.8 billion anti-weaponisation fund
June 2, 2026
11:00 pm
Acting Attorney General Todd Blanche confirmed that the Justice Department will not proceed with the $1.8 billion “anti-weaponization” fund, following a district court’s temporary block. This decision comes amid mounting Republican opposition and uncertainty regarding the related IRS settlement involving President Trump and his family.
Zelenskyy warns of potential Russian aerial attack amid missile shortage
June 2, 2026
9:00 pm
Volodymyr Zelenskyy has warned that Ukraine’s intelligence suggests Russia may initiate a significant aerial attack tonight, amid reports of Moscow taking advantage of a severe air defence interceptor missile shortage. This development highlights escalating tensions in the region.
Trump appoints Bill Pulte as acting director of national intelligence
June 2, 2026
6:00 pm
President Trump has appointed Bill Pulte, director of the Federal Housing Finance Agency, as acting director of national intelligence, succeeding Tulsi Gabbard at the end of the month. Pulte’s controversial background includes allegations of mortgage fraud against political opponents, prompting scrutiny from the Government Accountability Office.
Australian racing driver denies raping nurse at Michael Schumacher’s mansion
June 2, 2026
5:00 pm
Joey Mawson denies allegations of raping a nurse at Michael Schumacher’s home, claiming the encounter was consensual, as details emerge during the trial.
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