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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What’s going on?
Ukrainian President Volodymyr Zelenskyy has dismissed the country’s military chief after significant public protests. This decision follows widespread criticism over the military’s handling of the ongoing conflict with Russia. Zelenskyy also reinstated the defence minister he previously sacked.
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Coverage analysed: CNN | The Guardian | BBC | NBC News

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