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?
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CNN reported, “At least 15 killed and over 100 wounded in Russian ‘double-tap’ strike on a Ukrainian shopping center,” focusing on both casualties and the nature of the attack. In contrast, AP’s headline stated, “Russian drones kill 15 people at a shopping mall in a central Ukrainian city, officials say,” emphasising the event itself over the immediate consequences. This illustrates a subtle shift from casualty reporting to the character of the assault.
Coverage analysed: AP News | CNN

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