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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Macron and Carney strengthen Canada-France ties amid US relations strain

French President Emmanuel Macron and Canadian Prime Minister Mark Carney underscored their commitment to strengthening ties during a summit in Saint Pierre and Miquelon. The leaders discussed cooperation in fisheries, regional security, and energy, amidst heightened tensions with the United States and a proposed “associate member” status for Canada in the European Union.

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Merz faces political pressure after historic defeat in German state elections

What’s going on?
German Chancellor Friedrich Merz’s party suffered its worst state election result in postwar history. The far-right Alternative for Germany (AfD) garnered significant support, prompting a call for reforms. Merz stated he will address the challenges highlighted by the election outcome.
NPR reported, “Germany’s Merz vows to press ahead with reforms after historic state election defeat,” emphasising Merz’s commitment to future reforms. In contrast, CNN stated, “Chancellor Merz calls Germany state elections results a “disaster,” as far-right surge again,” framing the loss as a significant setback for Merz and highlighting the far-right influence.
Coverage analysed: NPR | CNN | Reuters | Bloomberg

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Macron and Carney unveil plans to strengthen Canada-France ties

Canadian Prime Minister Mark Carney and French President Emmanuel Macron announced plans to enhance cooperation on energy, defence, and technology during a joint press conference in Saint Pierre and Miquelon. This initiative aims to strengthen ties with the European Union amidst ongoing trade tensions with the United States.

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Transcript of interview with Rep. Ro Khanna on Face the Nation, Sept. 20, 2026

Representative Ro Khanna proposed establishing international AI cooperation between the US and China, emphasising the need for basic standards to prevent misuse. He expressed concern over Chinese firms copying American technology, stating that US regulatory frameworks should evolve to ensure AI safety and prevent catastrophic outcomes.

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