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 224f1d10 96b4 578a 95ba 00fcc42e6e29 9926187

EU to condemn Russia’s invasion of Ukraine at upcoming G20 summit

The European Union will affirm its condemnation of Russia’s invasion of Ukraine during the upcoming G20 summit in Miami, irrespective of President Vladimir Putin’s attendance. EU officials stress the necessity of addressing global challenges exacerbated by the war, maintaining a firm stance against Russia’s actions.

1790247612 1c76c5ed0516c430e9864482d5a399a0cfc6145b8dbcbbc98fb617f22d64896c

Quebec doctors request inquest following five physician suicides in five months

A group of signatories has expressed concern for doctors who regularly confront death and suffering in their profession, highlighting the significant responsibilities they bear, often without sufficient support. The statement draws attention to the challenges faced by healthcare professionals in their daily roles.

gettyimages 2264014698

Judge temporarily reinstates White House access for CNN, MS NOW and Politico

A federal judge has temporarily reinstated press credentials for CNN, MS NOW, and Politico, following a ruling that questioned the Trump administration’s justification for banning the outlets from the White House. U.S. District Judge Timothy Kelly stated the bans lacked due process and were likely unconstitutional.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement