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.

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US Supreme Court set to rule on Trump’s birthright citizenship order

What’s happening?
The U.S. Supreme Court is set to rule on a controversial birthright citizenship order proposed by former President Donald Trump. This ruling will determine whether executive actions can affect citizenship for individuals born in the U.S.

In analyzing coverage, NPR states, “SCOTUS to rule on birthright citizenship. And, U.S. murder rate nears new low,” which emphasizes the Supreme Court’s role in addressing the citizenship issue alongside a broader context of public safety. In contrast, the BBC headlines, “US Supreme Court to rule on Trump’s effort to end birthright citizenship – follow live,” focuses specifically on the political implications of Trump’s effort, suggesting a more partisan framing of the legal battle. This difference highlights NPR’s diplomatic approach versus the BBC’s focus on the conflict between the executive branch’s actions and immigration law. Coverage analyzed: NPR | BBC | SCOTUSblog | Al Jazeera

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