Financial Times - Savers withdrew nearly $60bn from three US banks as Apple raises heat

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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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What’s going on?
Nepal’s death toll from recent floods has risen to 675, with nearly 2,500 reported missing. Authorities confirmed rescue operations are ongoing to find survivors amid the devastation. The flooding has severely impacted areas across Nepal and Tibet, exacerbating the crisis further.
In coverage, NBC News states, “Nepal flood death toll rises to 675 as nearly 2,500 remain missing,” emphasising the immediate human toll of the disaster. Conversely, CNN’s report highlights, “Live updates: Death toll rises and thousands still missing in Nepal and China after catastrophic floods,” which implies a broader regional impact beyond Nepal. This contrast reflects NBC’s focus on the specific toll while CNN addresses the wider implications of the flooding’s reach.
Coverage analysed: NBC News | CNN

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