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

gettyimages 51718656

Alan Greenspan, former Federal Reserve chairman, dies at 100

Alan Greenspan, the former Federal Reserve chairman, has died at the age of 100 due to complications from Parkinson’s Disease, as confirmed by his wife, Andrea Mitchell. Greenspan led the Federal Reserve for 18 years, presiding over significant economic stability and crises during his tenure.

England fans from Mexico 1986 reunite in the USA

England fans from Mexico 1986 reunite in the USA

In a special World Cup feature, “In The Mixer” will provide daily updates on England’s progress, key matches, and missed stories, available at 1pm each day. Subscribers can receive this information via email to stay informed throughout the tournament.

696x392 cmsv2 9504fb94 9794 5cb2 a715 345b321b02ce 9808182

Kazakhstan’s president outlines enhanced EU partnership for growth

Kazakhstan’s President Kassym-Jomart Tokayev highlighted the country’s evolving role as a pivotal partner for the European Union, marking ten years since the Enhanced Partnership and Cooperation Agreement. He emphasised the importance of strengthening this partnership to enhance trade, investment, and mutual benefits for both regions.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement