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 2283521214

Senator Mark Warner discusses US military actions and intelligence on Face the Nation

Senator Mark Warner expressed concerns over the U.S. military situation in Jordan, highlighting the loss of 16 American lives and hundreds of injuries. He criticised the administration’s lack of a clear plan regarding Iran and warned about potential foreign influence in upcoming elections, specifically mentioning the role of China and Russia.

SEI 305718700 bce7

Golden retriever goes viral for unique ‘mooing’ sound instead of barking

Lucie, a nine-year-old Golden retriever, has gained attention for her unique “moo” sound, first noted by owner Cara Ovens when Lucie was ten weeks old. Ovens shares videos on social media, highlighting Lucie’s playful interactions with cows, which have amused viewers and sparked interest since she went viral last spring.

696x392 cmsv2 36f9c782 5135 5cf9 86a4 6faa0ade5d14 9843153

Wildfires devastate 25,300 hectares across Spain, prompting evacuations

Two significant wildfires are currently active in Spain, notably in Guadalajara and Zaragoza provinces, with emergency services combating a blaze near La Mierla that has scorched nearly 9,900 hectares. Evacuations have affected 16 villages as authorities report extreme conditions exacerbated by strong winds.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement