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

SEI 306353053 a11b

Six men arrested following fatal stabbing of 22-year-old in Clapham

Six men have been arrested on suspicion of murder following the fatal stabbing of a 22-year-old in Clapham early on Saturday morning. Police received reports just after 4.30am, and the victim, who died after arriving at hospital, was believed to have been attacked near Clapham High Street.

696x392 cmsv2 e4bdd613 4f51 57f9 adb8 8790a3e098cc 9847635

Houthi rebels launch missile attacks on Saudi Arabia, targeting Yanbu

Tensions in the Middle East escalated as Iran-backed Houthi rebels launched missile attacks on Saudi Arabia, targeting a major refinery in Yanbu. Greek military sources reported that a deployed Patriot missile battery intercepted the attack, while Riyadh faced similar threats in Jizan, prompting civil protection warnings.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement